DVLT · Datavault AI Inc.

On May 3, 2026, Datavault AI Inc. entered into a Securities Purchase Agreement with institutional investors for a registered direct offering of 109,090,910 shares of common stock at $0.55 per share, generating approximately $60.0 million in gross proceeds. The offering is expected to close on May 5, 2026, subject to customary conditions. Net proceeds will be used to deploy the company's quantum-ready GPU edge network, including build-out and equipment, as well as for working capital and general corporate purposes. The placement agent, Titan Partners Group LLC, will receive a $4.2 million cash fee and warrants to purchase up to 5,454,545 shares at $0.6325 per share, exercisable for five years. The company agreed to a 45-day lock-up on equity issuances and a prohibition on variable rate transactions. The offering was led by several preeminent global investment managers with participation from existing shareholders. This capital raise positions Datavault AI to scale its AI infrastructure footprint and capture growing demand for high-performance computing.