NEW YORK, January 2, 2026, 04:30 ET — Premarket
- DVLT rose about 23% in premarket trading, extending a volatile week for the microcap.
- Investors are tracking a Jan. 7 record date tied to a proposed warrant dividend and a separate token distribution.
- A new filing showed top holder Scilex still owns 42.6% after reporting recent share sales.
Datavault AI Inc shares jumped 22.7% to $0.80 in premarket trading on Friday, after closing at $0.6521 on Dec. 31. The stock traded between $0.78 and $0.81 in early action, with about 274,000 shares reported in premarket volume.
The move matters now because the Nasdaq-listed company is heading into a Jan. 7 record date tied to two shareholder distributions it announced earlier this week — one involving warrants and another involving a “Dream Bowl Meme Coin II” digital collectible. Record date is the cutoff used to determine which shareholders are eligible for a dividend. Datavault AI Inc.+1
A warrant is a security that gives the holder the right to buy shares later at a fixed price. Datavault has not yet set the distribution date for the warrants, putting the spotlight on what it discloses next as the record date approaches.
Datavault said on Dec. 29 it intends to declare a special dividend distribution of warrants to eligible holders, at a ratio of one warrant for every 60 shares owned, rounded up. The company said the warrants are expected to carry a $5 exercise price, be exercisable for cash and expire one year after the distribution date.
The proposed structure adds an unusual condition: Datavault said the warrants are expected to be exercisable only by holders who also hold at least one Dream Bowl Meme Coin II token in a Datavault digital wallet, subject to company verification. It said it expects to file a warrant agreement with the SEC on or before the distribution date describing those conditions.
In a separate announcement on Dec. 29, Datavault said its board approved a dividend of Dream Bowl Meme Coin II tokens to eligible record equity holders, also using a Jan. 7 record date. The company said the payment date will be set later and must fall within 60 days following the record date, and that recipients will need to open a digital wallet and opt in.
Ownership disclosures added another catalyst for traders scanning the tape. In an amended Schedule 13D — a filing used by investors who own more than 5% of a U.S.-listed company — Scilex Holding Company reported on Dec. 31 that it beneficially owned 244.4 million Datavault shares, or 42.6% of the company, based on 573.8 million shares outstanding as of Dec. 30.
A related Form 4/A filed the same day showed Scilex sold about 20.7 million shares across three transactions on Dec. 26, Dec. 29 and Dec. 30 at average prices ranging from about $0.54 to $0.75. The filing showed Scilex still held 244.4 million shares after those sales.
The Schedule 13D amendment also described a non-recourse loan and share pledge arrangement between Scilex and The St. James Bank & Trust Company Ltd., including an increase in the available principal amount to $100 million and an increase in pledged Datavault shares to 85.8 million. “Non-recourse” means the lender’s claim is generally limited to the pledged collateral if the borrower defaults. Datavault AI Inc.
The stock has been whipsawed in recent sessions. DVLT closed at $0.6521 on Dec. 31, up sharply on the day, on volume of about 220.8 million shares, Nasdaq data show.
Datavault is also approaching CES 2026 in Las Vegas, where it said it will exhibit its WiSA and other data and acoustics technologies from Jan. 6-9. “The quality in engineering and ownership of the crucial IP is how we became a standard in acoustics with WiSA,” CEO Nathaniel Bradley said in the CES announcement. Datavault AI Inc.
Related articles: NASDAQ:DVLT
