Datavault AI Adds $0.0632 Floor to Streeterville Convertible Note, Capping Anti-Dilution
DVLT sits 17% above its 52-week low of $0.12.
Summary
Datavault amended its $25.03M Streeterville convertible note to set a $0.0632 conversion-price floor, capping how far anti-dilution can push the conversion price down. The note stays dilutive at today's $0.14 price, but the downside ratchet risk is now bounded.
Key Events · Financing and Capital Events · DVLT
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Streeterville Note Amended With Floor
Amendment No. 1 to the $25,030,000 convertible note dated August 18, 2026 sets a Nasdaq Floor Price of $0.0632, equal to 20% of the Nasdaq Minimum Price immediately preceding the note's issuance.
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Anti-Dilution Ratchet Now Bounded
Section 9 adjustments can no longer reduce the Fixed Price below $0.0632, removing the risk of the conversion price resetting toward zero on future dilutive issuances.
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Floor Sits Below Current Price
At today's $0.14 stock price, the $0.0632 floor is roughly 55% below the market, so conversion at or near the floor would still be heavily dilutive to existing holders.
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Distressed Backdrop Persists
The amendment follows previously disclosed going-concern doubt and a Nasdaq minimum-bid deficiency, for which Nasdaq granted an additional 180 days on 2026-08-25.
Analysis · DVLT · Trade & Services
Datavault amended its $25.03M Streeterville convertible note to set a hard floor of $0.0632 on the conversion price. That floor is 20% of the Nasdaq Minimum Price measured just before the note was issued in August, and it blocks the note's anti-dilution formula from pushing the conversion price any lower. With the stock at $0.14, the floor sits well below the current price, so the note remains deeply dilutive if Streeterville converts — but the amendment removes the tail risk of the conversion price ratcheting toward zero on future down-rounds. This lands against a backdrop of going-concern doubt, a Nasdaq minimum-bid deficiency (with a 180-day extension granted 2026-08-25), and a string of acquisitions funded with stock and cash. The floor is a modest structural improvement for existing holders, not a cure for the balance-sheet pressure.
How filings like this one have moved
In the 30 days to Oct 15, 2026, 28.9% of the 1476 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DVLT was trading at $0.14 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $133.8M. The 52-week trading range was $0.12 to $4.10. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.