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Datavault AI Announces Closing of $60.0 Million Offering of Common Stock
The offering was led by several preeminent global investment managers, alongside participation from existing shareholders PHILADELPHIA--(BUSINESS WIRE)--
About this update from Datavault Ai Inc.
[{"type":"text","content":"\nThe offering was led by several preeminent global investment managers, alongside participation from existing shareholders\n\n\n PHILADELPHIA--(BUSINESS WIRE)--\nDatavault AI Inc. (“Datavault AI” or the “Company”) (NASDAQ:DVLT), a provider of data monetization, credentialing, digital engagement, and real-world asset (“RWA”) tokenization technologies, today announced the closing of its previously announced registered direct offering pursuant to a definitive agreement with certain institutional investors for the purchase and sale of 109,090,910 shares (the “Shares”) of common stock. The gross proceeds to the Company were approximately $60.0 million, before deducting offering expenses. The Company intends to use the net proceeds from the offering for the deployment of the Company’s quantum-ready graphics processing unit edge network, including build-out and equipment, as well as working capital and general corporate purposes.\n\n\nTitan Partners, a division of American Capital Partners, acted as the sole placement agent for the offering. Rodman & Renshaw, LLC, acted as a financial advisor in connection with the offering.\n\n\nThe Shares were offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No. 333-294502), which was filed with the Securities and Exchange Commission (the “SEC”) on March 20, 2026, and declared effective by the SEC on March 25, 2026. The Shares were offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A prospectus supplement and accompanying prospectus relating to, and describing the terms of, the offering were filed with the SEC and are available on the SEC’s website at http://www.sec.gov. Electronic copies of the prospectus supplement and accompanying prospectus may also be obtained, when available, by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 49th Floor, New York, NY 10007, by phone at (929) 833-1246 or by email at [email protected].\n\n\nThis press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification und...