TechMediaBreaks – Datavault AI Inc. (NASDAQ: DVLT) Strengthens Balance Sheet with Full Conversion of $13.3 Million Notes
Datavault AI (NASDAQ: DVLT), a pioneer in AI-driven data monetization, announced the full conversion of certain long-term notes with an aggregate original face value of $13.3 million, substantially strengthening its balance sheet. Brett Moyer, Chief Financial Officer, said the conversion marks a strategic milestone that supports the accelerated launch of independent data exchanges (IDEs) and the buildout of supercomputing capabilities in cooperation with IBM. The news follows the company’s Sept. 25 announcement of a $150 million strategic equity investment in Bitcoin from Scilex (Nasdaq: SCLX), a Nasdaq-listed biotech firm in one of Datavault AI’s primary target sectors. To view the…