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News  ›  GlobeNewswire Inc.

Datavault AI Announces Closing of the Second Tranche of Scilex Holding Company’s Previously Announced Equity Financing

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Datavault Ai
Datavault AI Announces Closing of the Second Tranche of Scilex Holding Company’s Previously Announced Equity Financing

Datavault AI closed the second tranche of its equity financing with Scilex Holding Company, receiving approximately 1,237.6 Bitcoin and issuing a pre-funded warrant for 263.91 million shares. The strategic investment aims to strengthen digital asset reserves, accelerate supercomputing infrastructure, and expand platform capabilities.

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TSLA   positive

Mentioned as a major player in the virtual power plant market with strong potential in energy storage and renewable technologies


DVLT   positive

Secured significant Bitcoin investment, expanded strategic partnership, and positioned for growth in biotech and data monetization sectors