Datavault AI Strengthens Balance Sheet Through $13.3 Million Note Conversion to Accelerate Data Exchange and Supercomputing Initiatives

Datavault AI has completed the full conversion of certain long-term notes with an aggregate original face value of $13.3 million, substantially strengthening its balance sheet according to company officials. Brett Moyer, Chief Financial Officer, described the conversion as marking a strategic milestone that supports the accelerated launch of independent data exchanges and the buildout of supercomputing capabilities in cooperation with IBM. This financial development follows the company's recent announcement of a $150 million strategic equity investment in Bitcoin from Scilex, a Nasdaq-listed biotech firm operating within one of Datavault AI's primary target sectors.

The company's technology platform serves multiple industries through its comprehensive cloud-based solutions, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and other sectors. Datavault AI's Information Data Exchange enables Digital Twins and licensing of name, image, and likeness by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity. The company's technology suite offers AI and Machine Learning automation, third-party integration, detailed analytics and data, marketing automation and advertising monitoring capabilities that are completely customizable to client needs.

Through its Acoustic Science Division, Datavault AI features WiSA, ADIO and Sumerian patented technologies and industry-first foundational spatial and multichannel wireless HD sound transmission technologies with intellectual property covering audio timing, synchronization and multi-channel interference cancellation. The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation and secure monetization. Additional information about the company's operations and technology offerings can be found at https://www.datavaultsite.com.

This financial restructuring occurs as the company continues to expand its presence in the evolving Web 3.0 environment, where it focuses on AI experience, valuation, and monetization of digital assets. The strengthened balance sheet positions Datavault AI to more aggressively pursue its strategic objectives in data monetization and high-performance computing partnerships. The company maintains its headquarters in Beaverton, Oregon, from where it coordinates its diverse technological divisions and industry partnerships.