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BEAVERTON, Ore. - EOS Technology Holdings has converted a $3.2 million convertible promissory note into 10 million shares of common stock of Datavault AI Inc. (NASDAQ:DVLT), according to a press release statement issued Monday. The transaction comes as Datavault AI, currently valued at $30.3 million in market capitalization, trades near its 52-week low of $0.25, with InvestingPro analysis indicating the stock is currently undervalued.
Nathaniel Bradley serves as both the CEO of Datavault AI and the chief executive officer and sole director of EOS Technology Holdings, creating a notable connection between the two entities in this transaction.
Datavault AI, which describes itself as a pioneer in AI-driven data and acoustic sciences, maintains a portfolio of over 72 patents covering technologies in acoustic data transmission and data sciences. The company’s patent holdings include WiSA, ADIO, and Sumerian technologies for spatial and multichannel wireless HD sound transmission.
The company’s technology offerings extend to digital asset frameworks, secure data vaults, and machine learning classifiers. Datavault AI has developed platforms for carbon credit digitization and systems for securing generative AI models.
The transaction represents a significant investment in Datavault AI’s common stock by a company controlled by its own CEO. The conversion price implies a value of $0.32 per share for the transaction.
Datavault AI is headquartered in Beaverton, Oregon, and trades on the Nasdaq under the ticker DVLT. The company operates through its Acoustic Science and Data Science divisions, providing cloud-based platforms for data experiences, valuation, and monetization across various industries.
The company’s recent business activities include a licensing agreement with Nyiax for its ADIO technology and the development of the Elements Exchange platform for digital representation and trading of carbon credits and other assets.
In other recent news, Datavault AI Inc. reported its Q2 2025 earnings, revealing a revenue of $467 million year-over-year, with current revenue standing at $2.3 million. This financial update comes amid other significant developments for the company. Shareholders holding approximately 52% of Datavault AI’s voting power approved the issuance of up to 5 million shares of common stock, as part of a waiver agreement with purchasers under a securities purchase agreement. In addition to financial maneuvers, Datavault AI announced the global expansion of its VerifyU platform, which aims to authenticate military service records and combat fraudulent claims using blockchain technology. Furthermore, the company amended its acquisition agreement with API Media Innovations, adjusting the terms for acquiring all outstanding shares. The original agreement included a total consideration of $6 million in cash, over 5 million shares of Datavault AI common stock, and $2 million in convertible promissory notes. These developments highlight Datavault AI’s strategic efforts to bolster its market presence and operational capabilities.
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