DVLT · Datavault AI Inc.

Datavault AI Inc. entered into a Subscription Agreement with Vivasor, Inc. dated April 16, 2026, to purchase 8,163,265 shares of Vivasor’s Series A Common Stock for a total consideration of $50 million. The transaction is structured as a stock-for-stock exchange, where Datavault will issue 75,942,666 shares of its own common stock to Vivasor as payment, implying a deemed price per Datavault share derived from the 15-day volume-weighted average price (VWAP) preceding the agreement. The agreement includes a protective provision capping the issuance at 19.9% of Datavault’s outstanding common stock; should the calculated share count exceed this threshold, the purchase price and share counts would be correspondingly reduced. To facilitate the issuance, Datavault filed a prospectus supplement on April 23, 2026, under its effective Form S-3 shelf registration statement (File No. 333-294502). Legal counsel Paul Hastings LLP provided an opinion affirming the validity of the shares to be issued. This cross-investment represents a significant capital allocation and potential strategic alignment between the two entities.