DVLT Just Landed a $150M Bitcoin Lifeline — Can Datavault AI Turn a Penny Stock Into an AI Supercomputer?
Datavault AI signed a $150 million Bitcoin-funded investment deal with Scilex Holding, split into two tranches. The first $8.067 million is set to close Sept. 26, with the remaining $141.933 million pending shareholder approval due to Nasdaq rules. Scilex will receive up to 278.9 million DVLT shares and board nomination rights. DVLT stock jumped over 28% on Sept. 25 and rose further in pre-market trading.