Scilex Holding Company announced the closing of the second tranche of its equity financing in Datavault AI Inc.
The investment involved purchasing a pre-funded warrant for 263,914,094 shares of Datavault AI Inc. common stock in Bitcoin.
The closing followed the approval by the Datavault AI stockholders obtained at their annual meeting on November 24, 2025.
Equity Financing Completion
Scilex Holding Company completed the two-tranche equity financing in Datavault AI Inc.
Strategic Investment in Bitcoin
The purchase of the shares of Datavault AI Inc. common stock was made in Bitcoin.
Collaboration for Growth
Both companies plan to collaborate to deliver growth in Real World Asset tokenization in 2026 and beyond.
- The shares of Datavault AI common stock issued upon exercise of the warrant have an approximate value of $583.3 million.
- This strategic investment demonstrates Scilex's commitment to expanding its portfolio and partnerships in the AI industry.
The completion of this investment marks a significant step for Scilex Holding Company towards enhancing its presence and investments in the AI sector.