Scilex to pay $120M to Datavault for quantum GPU network, revenue-sharing deal

Scilex Holding Co

Upfront cash contribution of $120M to Datavault, payable in multiple closings by Dec 31, 2026.
Funds to deploy quantum-ready GPU infrastructure across ~100 US cities.
Datavault to pay Scilex 30% of network gross revenues until $250M, then 15% until $1.2B, then 5% thereafter.
Definitive agreement subject to negotiation, board approvals, and customary conditions; no guarantee of closing.
Binding term sheet governed by Delaware law; may be terminated by either party.

item 1.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

Scilex Holding Co entered into Term Sheet with Datavault AI Inc. valued at $120,000,000 (effective 2026-04-26).

Action: entry
Counterparty: Datavault AI Inc.
Value: $120,000,000
Effective: 2026-04-26

Exact text from the filing

On April 26, 2026, Scilex Holding Company (the “Company”) and Datavault AI Inc. (“Datavault”) and entered into a binding term sheet (the “Term Sheet”), which sets forth the principal terms and conditions of a proposed cash contribution and revenue participation arrangement between the Company and Datavault (the “Proposed Transaction”).

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Scilex Holding Co filing history →

Source: SEC EDGAR

accession 0001193125-26-187620

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