Business

Datavault AI Announces Execution of Binding Term Sheet for $120 Million Cash Contribution From Scilex Holding Company to Fund 100-City GPU Expansion of Quantum-Ready SanQtum Platform

PHILADELPHIA & TYSONS CORNER, Va., April 27, 2026--Datavault AI Inc. (NASDAQ: DVLT) ("Datavault AI" or the "Company"), a provider of data monetization, credentialing, digital engagement, and real-world asset ("RWA") tokenization technologies, today announced it has executed a binding term sheet for a cash contribution and revenue participation agreement with Scilex Holding Company (NASDAQ: SCLX) ("Scilex").

articleDatavault Ai Inc.April 27, 202610/company/datavault-ai-inc/news/datavault-ai-announces-execution-of-binding-term-sheet-for-dollar120-million-cash-contribution-from-scilex-holding-company-to-fund-100-city-gpu-expansion-of-quantum-ready-sanqtum-platform
Datavault AI Announces Execution of Binding Term Sheet for $120 Million Cash Contribution From Scilex Holding Company to Fund 100-City GPU Expansion of Quantum-Ready SanQtum Platform

About this update from Datavault Ai Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1500,"height":386,"url":"https://media.zenfs.com/en/business-wire.com/319e8725933cf444b21ee80d8dfc6701"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/7rY2KmTl2gir86tKtooi2Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTI0Nw--/https://media.zenfs.com/en/business-wire.com/319e8725933cf444b21ee80d8dfc6701","width":960,"height":247},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/PJJTIMYgB7OOg80jNlNNBw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD02MTg-/https://media.zenfs.com/en/business-wire.com/319e8725933cf444b21ee80d8dfc6701","width":1200,"height":309}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"Combined with the anticipated sale of the BTC and Receivable collections, Datavault AI projects $200M+ infusion of cash without equity dilution.","length":144,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Datavault AI has previously secured and in stock of Nvidia GPUs that have a current market value of $1.2 billion that will enable the nationwide roll out.","length":154,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Datavault AI and Scilex have entered into a binding term sheet for a $120 million cash contribution from Scilex, in exchange for the right of Scilex to receive a portion of certain revenues recognized by Datavault AI attributable exclusively to its quantum-ready GPU infrastructure across an estimated 100 cities in the United States (the "Quantum-Ready Edge Network") with the aggregate annual revenue potential of $10 billion to $100 billion.","length":454,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":752,"olType":false},{"type":"text","content":"PHILADELPHIA & TYSONS CORNER, Va., April 27, 2026--(BUSINESS WIRE)--Datavault AI Inc. (NASDAQ: DVLT) ("Datavault AI" or the "Company"), a provider of data monetization, credentialing, digital engagement, and real-world asset ("RWA") tokenization technologies, today announced it has executed a binding term sheet for a cash contribution and revenue participation agreement with Scilex Holding Company (NASDAQ: SCLX) ("Scilex").","length":471,"tagName":"p"},{"type":"text","content":"The term sheet contemplates that Scilex w...

More updates from Datavault Ai Inc.

InfrastructureCompanyHolding Companyedge networkcash contributionrevenue participation