Scilex holding sells Datavault AI (DVLT) shares worth $871,160

Published 29/11/2025, 03:52
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Scilex Holding Co, a ten percent owner of Datavault AI Inc (NASDAQ: DVLT), sold 422,299 shares of common stock on November 28, 2025. The shares were sold at a price of $2.0629, for a total value of $871,160. The transaction occurred as DVLT stock has shown high price volatility, with a dramatic 141% surge over the past six months despite falling 20% in the past week.

On November 25, 2025, Scilex Holding Co also acquired 263,914,094 shares of Datavault AI at a price of $0.0001, for a total value of $26391. Additionally, warrants to purchase 263,914,094 shares of common stock were exercised at a price of $0.0001, expiring on the same day. Datavault AI, currently valued at $589.6 million, has posted impressive revenue growth of 181% over the last twelve months, though it remains unprofitable with weak gross profit margins of just 6.8%.

Following the sale, Scilex Holding Co. directly owns 265,102,560 shares of Datavault AI Inc. According to InvestingPro analysis, DVLT appears overvalued at its current price of $2.03, with a "WEAK" overall financial health score. Investors can access 15 more ProTips and a comprehensive Pro Research Report on DVLT, along with 1,400+ other US equities, to make more informed investment decisions.

In other recent news, Datavault AI has completed a significant $150 million transaction with Scilex Holding Company, involving the sale of 15 million shares of common stock and a pre-funded warrant for 263.91 million shares. The payment for this transaction was made in Bitcoin, as per the spot rate published by Coinbase.com. Following shareholder approval, the company closed the second tranche of its equity financing, receiving approximately 1,237.6 Bitcoin in exchange for the warrant. Additionally, Datavault AI has announced a $7 million agreement with Tanzania-based MTB Mining Limited to digitize mineral resources, which includes a 30% perpetual royalty partnership. In another development, the company has entered into an $8 million deal with Triton Geothermal LLC for Real World Asset digitization services, positioning Datavault AI as Triton’s exclusive technology partner. Furthermore, Datavault AI has significantly raised its revenue guidance for 2026 to $200 million, up from a previous estimate of $50 million, following a robust third-quarter earnings call.

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