Datavault AI Prices $60 Million Common Stock Offering

Here is your publish-ready article based on verified sources: —

Datavault AI Inc. (DVLT) has priced a $60.0 million offering of common stock, marking a significant capital raise as the company continues to expand its data and AI infrastructure. The offering was announced on May 4, 2026, and follows a series of strategic moves, including a $120 million cash contribution from Scilex Holding Company in April 2026, and a recent acquisition of CyberCatch Holdings in May 2026.

The company’s latest financing comes as it accelerates deployment of its quantum-ready graphics processing units (GPUs) infrastructure across 100 U.S. Cities, part of a broader push to build a “Quantum-Ready Edge Network.” The proceeds from the $60 million offering will be used to fund the build-out of this network, including equipment, working capital, and related overhead.

In addition to the new stock offering, Datavault AI recently secured a $120 million cash contribution from Scilex Holding Company, subject to closing conditions. The company will use these funds to deploy its quantum-ready GPU infrastructure, with an obligation to pay Scilex 30% of gross revenues from the network until a $250 million cap is reached, after which the rate drops to 15%. The final closing for the Scilex contribution is expected by December 31, 2026.

Recent Financial and Strategic Milestones

Datavault AI reported its first profitable quarter in late 2025, with Q4 revenue of $33.8 million and a GAAP operating profit of $4.2 million. The company also reiterated its full-year 2026 revenue target of $200 million, representing a 400% year-over-year growth. As of December 31, 2025, Datavault AI had a strong year-end balance sheet, with $116 million in cash and cash equivalents.

In October 2025, the company completed a $1.4 million bridge financing and issued an additional 4.7 million shares of common stock in a registered direct offering, raising approximately $2.5 million in gross proceeds. These financings were part of a broader strategy to support growth and strategic acquisitions, including the acquisition of API Media for $14 million in October 2025.

Industry Context and Future Outlook

Datavault AI operates at the intersection of data tokenization, AI infrastructure, and enterprise solutions. The company’s mission is to enable data ownership and liquidity through its platform, which allows users to tokenize and trade data assets. With a market capitalization of approximately $36.8 billion as of 2025, Datavault AI is positioned to capitalize on the growing demand for data-driven AI solutions and the tokenization of illiquid assets.

Analysts have noted that the company’s recent stock performance and strategic moves reflect its focus on scaling infrastructure and expanding its product offerings. The latest $60 million offering and the Scilex partnership underscore Datavault AI’s commitment to building a robust, future-proof data and AI ecosystem.

For now, the company’s next steps include finalizing the Scilex contribution, deploying the Quantum-Ready Edge Network, and integrating recent acquisitions like CyberCatch and API Media into its operations.

— **Note:** This article is based on verified SEC filings, company press releases, and recent financial disclosures. All figures and dates are sourced directly from Datavault AI’s public statements and regulatory filings as of May 2026.