Datavault AI Secures $25M Convertible Note from Streeterville Capital
DVLT sits 44% above its 52-week low of $0.251 on elevated volume (5.3× avg).
Summary
Datavault AI raised $25 million through a convertible note with Streeterville Capital, featuring a $1.55 fixed conversion price and a market-price conversion option that could cause severe dilution.
Key Events · Financing and Capital Events · DVLT
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Convertible Note Financing
Issued $25,030,000 unsecured convertible note to Streeterville Capital, LLC, with 8% annual interest and 30-month maturity.
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Conversion Terms
Fixed conversion price of $1.55 per share, but from January 1, 2027 (or October 1, 2026 if balance ≥$15M), investor may convert at 92% of the lowest VWAP over 7 trading days.
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Pre-Delivery Shares
Issued 15,000,000 pre-delivery shares for $1,500, with additional pre-delivery shares to be issued upon reinvestment.
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Share Reserve
Reserved 300,000,000 common shares for conversions, with increases in 1,000,000 share increments as required.
Analysis · DVLT · Trade & Services
A $25 million convertible note financing with Streeterville Capital, LLC has been entered into by Datavault AI. The note carries an 8% interest rate and is convertible at a fixed price of $1.55 per share, which is significantly above the current stock price of $0.361. However, the note also includes a market price conversion feature beginning January 1, 2027 (or earlier under certain conditions) at 92% of the lowest VWAP over the preceding seven trading days, which could lead to substantial dilution if the stock price remains low. The company also issued 15 million pre-delivery shares and reserved 300 million shares for potential conversions, indicating a massive potential overhang. The deal includes a voting agreement with major stockholders to approve issuances beyond the Nasdaq Exchange Cap, with liquidated damages of $25 million for non-compliance. This financing provides critical capital but comes with highly dilutive terms and significant investor protections.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 41.9% of the 327 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.46%. 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 $0.36 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $330.8M. The 52-week trading range was $0.25 to $4.10. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.