Scilex closes $150M Bitcoin investment in Datavault AI; receives 15M shares and pre-funded warrant for 263.9M more

Scilex Holding Co

Scilex invested $150M in Bitcoin for Datavault AI (DVLT) shares and warrants at $0.5378 per share effective price.
Initial closing delivered 15M Datavault shares; second tranche of pre-funded warrant for 263,914,094 shares awaits stockholder approval.
Scilex gets board nomination rights: two directors if ownership ≥10%, one director if 5-10%.
Datavault management unchanged; proceeds intended to accelerate supercomputing and AI infrastructure.
Deal priced using Bitcoin spot rate from Coinbase; Datavault shares offered under effective S-3 shelf registration.

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