Datavault AI Inc. (DVLT) · Oct 15, 2026 · New debt

Datavault AI amends convertible note with $0.0632 floor

$0.0632 conversion floor — Floor set at 20% of the Nasdaq Minimum Price

Datavault AI amended its convertible note to set a $0.0632 conversion floor, modestly limiting dilution but leaving the financing overhang intact.

Datavault AI is still transitioning from an ambitious platform buildout into commercialization of data monetization, tokenization, and AI infrastructure products; its recent business update described the company as assembling the technology and infrastructure needed to bring those platforms to market at scale. This filing changes the financing terms, not the operating story. The company amended its August 18 convertible note with Streeterville Capital, originally carrying $25.03 million of principal. 〔0〕

The immediate shareholder benefit is a cap on extreme conversion dilution. The amendment establishes a $0.0632 floor and prevents the note’s fixed conversion price from being adjusted below it; that sets a minimum conversion price rather than allowing the lender’s contractual adjustment mechanics to run lower. 〔1〕

But this is damage control around an already substantial financing overhang, not fresh funding or an operating milestone. The underlying note is unsecured, bears 8% interest, and is convertible into stock; its original terms also gave the investor market-price conversion rights under specified conditions, so the amendment limits the most dilutive outcome without removing the company’s dependence on equity-linked financing. Bottom line: The amendment modestly improves the downside of the existing convertible financing for shareholders, but it does not advance commercialization or solve the broader dilution and capital-structure issue. It is a mixed, largely defensive update rather than a new business catalyst.

Original filing on SEC EDGAR

More Datavault AI Inc. news

Datavault AI amends convertible note with $0.0632 floor | DVLT Stock News
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