Datavault AI (NASDAQ: DVLT) Secures $120M Term Sheet With Scilex for Quantum-Ready Edge Network Buildout

At a glance

Company: Datavault AI Inc.
Ticker: NASDAQ: DVLT
Announcement: Financing
Location: Philadelphia, Pennsylvania

Key figures

Upfront cash contribution: $120 million
Target rollout: 100 U.S. cities
Initial deployment timing: second quarter of 2026
Planned scaled expansion: 36 months

Products and programs

quantum-ready, zero-trust edge network

Datavault AI (NASDAQ: DVLT) announced it has executed a binding term sheet with Scilex Holding Company (NASDAQ: SCLX) for a $120 million upfront cash contribution tied to a revenue participation agreement supporting the deployment of its quantum-ready, zero trust edge network. Under the terms, Scilex will receive a tiered share of network revenues until defined caps are met, while Datavault AI retains ownership and upside as it advances a nationwide rollout targeting 100 U.S. cities, with initial deployments expected in New York and Philadelphia in the second quarter of 2026 and scaled expansion planned over the next 36 months.

To view the full press release, visit https://ibn.fm/66e9Y

About Datavault AI Inc.

Datavault AI is leading the way in AI experience, valuation, and monetization of assets in the Web 3.0 environment. The company’s cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Science and Data Science Divisions. Datavault AI’s Acoustic Science Division features WiSA(R), ADIO(R) and Sumerian(R) patented technologies and industry first foundational spatial and multichannel wireless HD sound transmission technologies with IP 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. Datavault AI’s cloud-based platform provides comprehensive solutions serving multiple industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. The Information Data Exchange(R) (IDE) enables Digital Twins, licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity. Datavault AI’s technology suite is completely customizable and offers AI and Machine Learning (ML) automation, third-party integration, detailed analytics and data, marketing automation and advertising monitoring. The Company is headquartered in Philadelphia, PA.

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In brief

Datavault AI says it has signed a binding term sheet with Scilex Holding Company for a $120 million upfront cash contribution linked to a revenue participation agreement. The arrangement is intended to support deployment of Datavault AI’s quantum-ready, zero-trust edge network. Scilex would receive a tiered portion of network revenue until specified caps are reached, while Datavault AI would retain ownership and potential upside, according to the announcement. The company says it is targeting a rollout across 100 U.S. cities, with initial deployments expected in New York and Philadelphia in the second quarter of 2026. The release says broader expansion is planned over the following 36 months. Datavault AI is headquartered in Philadelphia, Pennsylvania.

Key takeaways

Datavault AI reports a binding term sheet with Scilex for a $120 million upfront cash contribution.
The contribution is tied to a revenue participation agreement supporting deployment of an edge network.
Scilex would receive tiered network revenue shares until defined caps are met.
Initial deployments are expected in New York and Philadelphia in the second quarter of 2026.
The nationwide rollout targets 100 U.S. cities, with scaled expansion planned over 36 months.

SEC filings

Earlier from Datavault AI Inc.

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