Datavault AI (NASDAQ: DVLT) announced it has entered into a definitive agreement with certain institutional investors for the purchase and sale of 109,090,910 shares of common stock in a registered direct offering expected to generate approximately $60.0 million in gross proceeds. The company said proceeds will support deployment of its quantum-ready graphics processing unit edge network, including build-out and equipment, as well as working capital and general corporate purposes, with closing expected on or about May 5, 2026, subject to customary conditions.
To view the full press release, visit https://nnw.fm/GobZP
About Datavault AI
Datavault AI(TM) (NASDAQ:DVLT) is a Philadelphia-based artificial intelligence and data infrastructure company building enterprise-grade computing platforms for high-performance data processing, edge GPU deployment, and quantum-ready network architectures. The Company’s quantum-ready edge GPU fleet, running on Available Infrastructure’s SanQtum AI platform, delivers distributed GPU infrastructure across U.S. metropolitan markets, supporting AI inference workloads, real-time data analytics, and secure enterprise computing for customers across financial services, sports, media, and life sciences.
Through its Acoustic Sciences and Data Science divisions, Datavault AI develops patented technologies and applications, including WiSA(R), ADIO(R), and Sumerian(R) acoustic infrastructure and a portfolio of data-licensing and analytics solutions. The Company also operates platforms supporting digital asset licensing and data-monetization workflows for enterprise clients.
Datavault AI is headquartered in Philadelphia, Pennsylvania, with operations supporting customers across North America.
NOTE TO INVESTORS: The latest news and updates relating to DVLT are available in the company’s newsroom at https://nnw.fm/DVLT
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