✎ Contributed by Ty Griffin
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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