Datavault AI (DVLT) Touches $1 Level Anew After 4 Months on New $150-Million Investment

We recently published Massive Gains: 10 Stocks Investors Can’t Stop Buying. Datavault AI Inc. (NASDAQ:DVLT) is one of the top performers on Thursday.

Datavault rebounded on Thursday to test the $1 territory, soaring 28.43 percent to close at $0.8348 apiece, after securing a $150 million investment from Scilex Holding Company.

During the session, the company touched the $1 minimum bid price requirement of the Nasdaq exchange, but lost momentum toward the close.

In a statement, Datavault AI Inc. (NASDAQ:DVLT) said the investment will be made into two tranches, the first being $8.067 million, while the remaining $141.9 million upon the receipt of its shareholders’ approval. The first tranche is expected to close on Friday, September 26.

Under the transaction, Scilex will receive more than 278.9 million shares of Datavault AI Inc. (NASDAQ:DVLT) at a price of $0.5378 apiece.

The transaction was executed in Bitcoin at the spot exchange rate on Coinbase.

Datavault AI Inc. (NASDAQ:DVLT) said proceeds from the fundraising program will be used to build supercomputers and launch independent data exchanges in the US.

“We believe the investment is particularly significant for biotech, strengthening the company’s high-performance computing capabilities and supporting partnerships with the US Department of Energy’s Brookhaven National Laboratory and IBM WatsonX,” said CEO Nathaniel Bradley.

“By leveraging Web 3.0, blockchain-secured data trading, and AI-driven analytics, Datavault AI aims to deliver secure, scalable solutions addressing trust, data integrity, and monetization challenges. The partnership with Scilex will also support the continued development of previously announced platforms, including the International Elements Exchange, International NIL Exchange, and American Politics Exchange.”

While we acknowledge the potential of DVLT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.