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News  ›  GlobeNewswire Inc.

Scilex Holding Company Announces Closing of Previously Announced Second Tranche Investment in Datavault AI Inc., Completing Its Two-Tranche Equity Financing in Datavault AI Inc.

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Scilex Holding Company
Scilex Holding Company Announces Closing of Previously Announced Second Tranche Investment in Datavault AI Inc., Completing Its Two-Tranche Equity Financing in Datavault AI Inc.

Scilex Holding Company completed its second tranche investment in Datavault AI Inc., purchasing a pre-funded warrant for 263,914,094 shares valued at approximately $583.3 million. Both companies plan to collaborate on Real World Asset tokenization in 2026.

Insights
SHEL   positive

Recognized as a key market player investing in virtual power plant technologies and renewable energy transition


SCLX   positive

Completed a significant strategic investment, expanding potential business opportunities through collaboration with Datavault AI