{"success":true,"data":{"pressRelease":{"id":"150837","rtpr_id":"nBwbtvq8za-20260923","ticker":"DVLT","exchange":"NASDAQ","all_tickers":["DVLT"],"title":"Datavault AI Announces Rights Offering to Shareholders","author":"Business Wire","published_at":"2026-09-23T12:03:00.102Z","article_body":"Datavault AI Announces Rights Offering to Shareholders\n\nRights offering to include both Common Unit and Preferred Unit subscription\nrights\n\nMoody Capital Solutions, Inc. to act as dealer manager of a rights offering\nopen to all shareholders of the company\n\nDatavault AI Inc. (Nasdaq: DVLT) (“Datavault AI” or the “Company”), an\nArtificial Intelligence Platform (“AIP”) company providing data\nmonetization, credentialing and tokenization technologies, today announced\nthat its board of directors (the “Board”) has approved a rights offering\nto holders of its common stock (“Common Stock”) and certain other\nDatavault AI securities. Moody Capital Solutions, Inc. (“Moody Capital”)\nwill act as dealer manager for the rights offering.\n\nThe Rights Offering to include investors in a process usually reserved\nexclusively for banks\n\nUnder the rights offering, the Company will distribute, at no charge,\ntransferable subscription rights to holders of record of Common Stock and\ncertain other Company securities with a contractual right to participate in\nthe distribution. The Company has set a record date of October 9, 2026 for\nsuch offering (the “Record Date”). Such holders will receive one\nsubscription right for a Common Unit for each share of Common Stock owned as\nof the Record Date and one subscription right for a Preferred Unit for each\n100 shares of Common Stock owned as of the Record Date.\n\nCommon Units. Each Common Unit will consist of (i) one share of Common Stock,\n(ii) one Series A Right to purchase one share of Common Stock (the “Series A\nRight”) and (iii) one Series B Right to purchase one share of Common Stock\n(the “Series B Right”). The subscription price of each Common Unit will be\n$0.20. The Series A Right will be exercisable at $0.25 per share and will\nexpire six months from the closing of the rights offering. The Series B Right\nwill be exercisable at $0.30 per share and will expire twelve months from the\nclosing. The Company expects to offer up to $50,000,000 of Common Unit\nsubscription rights.\n\nPreferred Units. Each Preferred Unit will consist of (i) one share of a newly\ndesignated series of preferred stock (“Preferred Stock”), (ii) one Series\n1 Right to purchase one share of Preferred Stock (the “Series 1 Right”)\nand (iii) one Series 2 Right to purchase one share of Preferred Stock (the\n“Series 2 Right”). The subscription price of each Preferred Unit will be\n$25.00. The Series 1 Right will be exercisable at $30.00 per preferred share\nand will expire six months from the closing of the rights offering. The Series\n2 Right will be exercisable at $35.00 per preferred share and will expire\ntwelve months from the closing. The Preferred Stock will carry a stated value\nand liquidation preference of $25.00 per share and will rank senior to the\nCommon Stock. It will pay a cumulative dividend of $2.10 per share per annum,\npayable semi-annually in arrears (a) in cash, (b) at the Company’s election,\nin additional shares of the same series, or (c) at the Company’s election,\nin common stock at a 10% discount to market, subject to a floor price and an\naggregate cap, as will be described in the prospectus supplement for the\nRights Offering. The Company intends to apply to list the Preferred Stock on\nthe Nasdaq Capital Market and to seek a listing or quotation for the Common\nUnit subscription rights, Preferred Unit subscription rights, Series A Rights,\nSeries B Rights, Series 1 Rights and Series 2 Rights, although no assurance\ncan be given that any listing will be obtained. The Preferred Stock will not\nbe convertible into Common Stock. The Preferred Stock will vote together with\nthe Common Stock as a single class on all matters submitted to a vote of\nstockholders, with the number of votes per preferred share to be fixed at\nexecution of the dealer manager agreement by reference to the number of shares\nof Common Stock that $25.00 would then purchase. The Company expects to offer\nup to 3,000,000 Preferred Units, representing up to $75,000,000 of Preferred\nUnit subscription rights.\n\nThe Company’s stockholders and holders of certain other Company securities\nwith a contractual right to participate in the distribution who exercise their\nrespective full basic subscription rights will have over-subscription\nprivileges, applied separately to the Common Units and the Preferred Units,\ngiving such holders the option to subscribe for any Common Units and Preferred\nUnits that remain unsubscribed at the expiration of the rights offering. If\nthe aggregate subscriptions (basic subscriptions plus over-subscriptions)\nexceed the amount offered in the rights offering, then the aggregate\nover-subscription amount will be pro-rated among the holders exercising their\nrespective over-subscription privileges based on the basic subscription\namounts of such holders. The subscription rights are expected to be\ntransferable.\n\nThe Company expects that the subscription period will be approximately 18\ntrading days from the commencement of the offering, subject to the Board’s\nright to extend the subscription period. The Company intends to use the net\nproceeds of the rights offering for working capital and general corporate\npurposes, which may include funding potential strategic transactions,\nacquisitions or investments.\n\nManagement Commentary\n\nNathaniel Bradley, Chief Executive Officer of Datavault AI, said “This gives\nevery existing shareholder the same opportunity to participate on the same\nterms rather than issuing to a select group; and the staged series structure\nallows shareholders to add capital over time at rising prices. Fundamental\nresults and a commitment to excellence and innovation – this rights offering\nis a solution like our company, it’s innovative of Moody to plan ahead and\nact now, as they have. Datavault AI raises the bar in Digital Assets and\ncontinues to vault forward.”\n\nBradley went on to say, “Our rights offering aims to democratize access to\nearly investment in, Quantum-Ready Edge Neo Network of Super Compute with AI\non the Edge, Data Vault AIP, API Media, WISA and ADIO comprising technologies\nthat represent standards in acoustics in Web 3.0 systems and technologies\nowned by Datavault AI. Owning digital asset exchanges, building them up to\nsolve problems using AI and blockchain makes this a really exciting time for\nall of us not just to own it but to get involved in the token economy.”\n\nImportant Information About the Rights Offering\n\nThe rights offering will be made pursuant to the Company’s effective shelf\nregistration statement on Form S-3, filed with the SEC on March 20, 2026 and\ndeclared effective on March 25, 2026, and a prospectus supplement containing\nthe detailed terms of the rights offering to be filed with the SEC. The\ninformation in this press release is not complete and is subject to change.\nThis press release shall not constitute an offer to sell or a solicitation of\nan offer to buy any securities, nor shall there be any offer, solicitation or\nsale of the securities in any state or jurisdiction in which such offer,\nsolicitation or sale would be unlawful under the securities laws of such state\nor jurisdiction. The rights offering will be made only by means of a\nprospectus and a related prospectus supplement. Copies of the prospectus and\nrelated prospectus supplement, when they become available, may be obtained\nfree of charge at the website maintained by the SEC at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54609375&newsitemid=20260923011314&lan=en-US&anchor=www.sec.gov&index=1&md5=70bdb4caea71d65b2fa199f38cf9aa31)\nor by contacting the information agent for the rights offering.\n\nAbout Datavault AI Inc.\n\nDatavault AI Inc. (Nasdaq: DVLT) is leading the way in AI driven data\nexperiences, valuation, and monetization of assets in the Web 3.0 environment.\nThe Company’s cloud-based platform provides comprehensive solutions with a\ncollaborative focus in its Acoustic Sciences and Data Sciences divisions.\n\nDatavault AI’s Acoustic Sciences division features WiSA®, ADIO®, and\nSumerian® patented technologies and industry-first foundational spatial and\nmultichannel wireless, high-definition sound transmission technologies with\nintellectual property covering audio timing, synchronization, and\nmulti-channel interference cancellation. The Data Science division leverages\nthe power of Web 3.0 and high-performance computing to provide solutions for\nexperiential data perception, valuation, and secure monetization.\n\nDatavault AI’s platform serves multiple industries, including\nhigh-performance computing software licensing for sports & entertainment,\nevents & venues, biotech, education, fintech, real estate, healthcare,\nenergy, and more. The Information Data Exchange® enables Digital Twins and\nthe licensing of name, image, and likeness by securely attaching physical\nreal-world objects to immutable metadata, fostering responsible AI with\nintegrity. The Company’s technology suite is fully customizable and offers\nAI- and machine-learning-based automation, third-party integration, detailed\nanalytics and data, marketing automation, and advertising monitoring.\n\nThe Company is headquartered in Philadelphia, PA. Learn more about Datavault\nAI at https://dvlt.ai\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fdvlt.ai&esheet=54609375&newsitemid=20260923011314&lan=en-US&anchor=https%3A%2F%2Fdvlt.ai&index=2&md5=07ab662cddacb2078b41e9aca2064d85)\n.\n\nAbout Moody Capital Solutions, Inc.\n\nMoody Capital is an investment bank providing capital raising, mergers and\nacquisitions, and advisory services to public and private companies, with a\nrecognized focus on rights offerings alongside registered directs,\nconfidentially marketed public offerings, follow-on offerings, PIPEs,\nat-the-market programs and private placements. Every engagement is led\ndirectly by senior bankers. Moody Capital is a registered broker-dealer and a\nmember of FINRA and SIPC. For more information, visit www.moodycapital.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.moodycapital.com&esheet=54609375&newsitemid=20260923011314&lan=en-US&anchor=www.moodycapital.com&index=3&md5=3ded8d9e5854a4b7cb88692b14570216)\n.\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” (within the\nmeaning of the Private Securities Litigation Reform Act of 1995, as amended,\nand other securities laws) about Datavault AI Inc. (“Datavault AI,” the\n“Company,” “us,” “our,” or “we”) and our industry that involve\nrisks and uncertainties. In some cases, you can identify forward-looking\nstatements because they contain words, such as “may,” “might,”\n“will,” “shall,” “should,” “expects,” “plans,”\n“anticipates,” “could,” “intends,” “target,” “projects,”\n“contemplates,” “believes,” “estimates,” “predicts,”\n“potential,” “goal,” “objective,” “seeks,” “likely” or\n“continue” or the negative of these words or other similar terms or\nexpressions that concern our expectations, strategy, plans or intentions. The\nabsence of these words does not mean that a statement is not forward-looking.\n\nForward-looking statements, include, but are not limited to, statements\nregarding future events, the proposed rights offering and its structure,\nterms, timing and expected completion, the anticipated use of proceeds, and\nthe expected characteristics of the securities to be offered; the Company’s\nintention to apply to list the Preferred Stock on the Nasdaq Capital Market\nand to seek a listing or quotation for the Common Unit subscription rights,\nPreferred Unit subscription rights, Series A Rights, Series B Rights, Series 1\nRights and Series 2 Rights; and the anticipated subscription period.\n\nActual results may differ materially from those indicated by these\nforward-looking statements as a result of various risks and uncertainties\nincluding, but not limited to, the following: whether market conditions permit\nthe Company to commence or complete the rights offering on the terms described\nor at all; the level of participation by holders; the Company’s ability to\nsatisfy the conditions to the rights offering, including any applicable\nlisting standards and regulatory requirements; the Company’s continued\nlisting on the Nasdaq Capital Market; whether the Preferred Stock and the\nCommon Unit subscription rights, Preferred Unit subscription rights, Series A\nRights, Series B Rights, Series 1 Rights and Series 2 Rights issuable in\nconnection with the rights offering are approved for listing; whether the\nvoting terms of the Preferred Stock satisfy applicable listing standards;\nchanges in market demand for Datavault AI’s services and products; changes\nin economic, market, or regulatory conditions; and other risks and\nuncertainties as more fully described in Datavault AI’s filings with the\nSEC, including its Annual Report on Form 10-K for the year ended December 31,\n2025 and other filings that Datavault AI makes from time to time with the SEC,\nwhich are available on the SEC’s website at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov%2F&esheet=54609375&newsitemid=20260923011314&lan=en-US&anchor=www.sec.gov&index=4&md5=fa615596a27b05045bc82de2d17e18db)\n, and could cause actual results to vary from expectations.\n\nThe forward-looking statements made in this press release relate only to\nevents as of the date on which the statements are made. Datavault AI\nundertakes no obligation to update any forward-looking statements made in this\npress release to reflect events or circumstances after the date of this press\nrelease or to reflect new information or the occurrence of unanticipated\nevents, except as required by law.\n\nDatavault AI may not actually achieve the plans, intentions, or expectations\ndisclosed in its forward-looking statements, and you should not place undue\nreliance on such forward-looking statements. Datavault AI’s forward-looking\nstatements do not reflect the potential impact of any future acquisitions,\nmergers, dispositions, joint ventures, or investments it may make.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260923011314/en/\n(https://www.businesswire.com/news/home/20260923011314/en/)\n\nDatavault AI Inc. \n\nMedia: marketing@dvlt.ai (mailto:marketing@dvlt.ai)\n\nInvestors: Edward Barger\n\nVice President, Investor Relations\n\nir@dvlt.ai (mailto:ir@dvlt.ai)\n\nMoody Capital Solutions, Inc. \n\n12807 Doe Drive, Alpharetta, Georgia 30004\n\nwww.moodycapital.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.moodycapital.com&esheet=54609375&newsitemid=20260923011314&lan=en-US&anchor=www.moodycapital.com&index=5&md5=e1f1c6802e33c8a0b418710cc0432901)\n| Member FINRA/SIPC\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwbtvq8za-20260923","title":"Datavault AI Announces Rights Offering to Shareholders","author":"Business Wire","ticker":"DVLT","created":"2026-09-23T12:03:00.102Z","tickers":["DVLT"],"exchange":"NASDAQ","article_body":"Datavault AI Announces Rights Offering to Shareholders\n\nRights offering to include both Common Unit and Preferred Unit subscription\nrights\n\nMoody Capital Solutions, Inc. to act as dealer manager of a rights offering\nopen to all shareholders of the company\n\nDatavault AI Inc. (Nasdaq: DVLT) (“Datavault AI” or the “Company”), an\nArtificial Intelligence Platform (“AIP”) company providing data\nmonetization, credentialing and tokenization technologies, today announced\nthat its board of directors (the “Board”) has approved a rights offering\nto holders of its common stock (“Common Stock”) and certain other\nDatavault AI securities. Moody Capital Solutions, Inc. (“Moody Capital”)\nwill act as dealer manager for the rights offering.\n\nThe Rights Offering to include investors in a process usually reserved\nexclusively for banks\n\nUnder the rights offering, the Company will distribute, at no charge,\ntransferable subscription rights to holders of record of Common Stock and\ncertain other Company securities with a contractual right to participate in\nthe distribution. The Company has set a record date of October 9, 2026 for\nsuch offering (the “Record Date”). Such holders will receive one\nsubscription right for a Common Unit for each share of Common Stock owned as\nof the Record Date and one subscription right for a Preferred Unit for each\n100 shares of Common Stock owned as of the Record Date.\n\nCommon Units. Each Common Unit will consist of (i) one share of Common Stock,\n(ii) one Series A Right to purchase one share of Common Stock (the “Series A\nRight”) and (iii) one Series B Right to purchase one share of Common Stock\n(the “Series B Right”). The subscription price of each Common Unit will be\n$0.20. The Series A Right will be exercisable at $0.25 per share and will\nexpire six months from the closing of the rights offering. The Series B Right\nwill be exercisable at $0.30 per share and will expire twelve months from the\nclosing. The Company expects to offer up to $50,000,000 of Common Unit\nsubscription rights.\n\nPreferred Units. Each Preferred Unit will consist of (i) one share of a newly\ndesignated series of preferred stock (“Preferred Stock”), (ii) one Series\n1 Right to purchase one share of Preferred Stock (the “Series 1 Right”)\nand (iii) one Series 2 Right to purchase one share of Preferred Stock (the\n“Series 2 Right”). The subscription price of each Preferred Unit will be\n$25.00. The Series 1 Right will be exercisable at $30.00 per preferred share\nand will expire six months from the closing of the rights offering. The Series\n2 Right will be exercisable at $35.00 per preferred share and will expire\ntwelve months from the closing. The Preferred Stock will carry a stated value\nand liquidation preference of $25.00 per share and will rank senior to the\nCommon Stock. It will pay a cumulative dividend of $2.10 per share per annum,\npayable semi-annually in arrears (a) in cash, (b) at the Company’s election,\nin additional shares of the same series, or (c) at the Company’s election,\nin common stock at a 10% discount to market, subject to a floor price and an\naggregate cap, as will be described in the prospectus supplement for the\nRights Offering. The Company intends to apply to list the Preferred Stock on\nthe Nasdaq Capital Market and to seek a listing or quotation for the Common\nUnit subscription rights, Preferred Unit subscription rights, Series A Rights,\nSeries B Rights, Series 1 Rights and Series 2 Rights, although no assurance\ncan be given that any listing will be obtained. The Preferred Stock will not\nbe convertible into Common Stock. The Preferred Stock will vote together with\nthe Common Stock as a single class on all matters submitted to a vote of\nstockholders, with the number of votes per preferred share to be fixed at\nexecution of the dealer manager agreement by reference to the number of shares\nof Common Stock that $25.00 would then purchase. The Company expects to offer\nup to 3,000,000 Preferred Units, representing up to $75,000,000 of Preferred\nUnit subscription rights.\n\nThe Company’s stockholders and holders of certain other Company securities\nwith a contractual right to participate in the distribution who exercise their\nrespective full basic subscription rights will have over-subscription\nprivileges, applied separately to the Common Units and the Preferred Units,\ngiving such holders the option to subscribe for any Common Units and Preferred\nUnits that remain unsubscribed at the expiration of the rights offering. If\nthe aggregate subscriptions (basic subscriptions plus over-subscriptions)\nexceed the amount offered in the rights offering, then the aggregate\nover-subscription amount will be pro-rated among the holders exercising their\nrespective over-subscription privileges based on the basic subscription\namounts of such holders. The subscription rights are expected to be\ntransferable.\n\nThe Company expects that the subscription period will be approximately 18\ntrading days from the commencement of the offering, subject to the Board’s\nright to extend the subscription period. The Company intends to use the net\nproceeds of the rights offering for working capital and general corporate\npurposes, which may include funding potential strategic transactions,\nacquisitions or investments.\n\nManagement Commentary\n\nNathaniel Bradley, Chief Executive Officer of Datavault AI, said “This gives\nevery existing shareholder the same opportunity to participate on the same\nterms rather than issuing to a select group; and the staged series structure\nallows shareholders to add capital over time at rising prices. Fundamental\nresults and a commitment to excellence and innovation – this rights offering\nis a solution like our company, it’s innovative of Moody to plan ahead and\nact now, as they have. Datavault AI raises the bar in Digital Assets and\ncontinues to vault forward.”\n\nBradley went on to say, “Our rights offering aims to democratize access to\nearly investment in, Quantum-Ready Edge Neo Network of Super Compute with AI\non the Edge, Data Vault AIP, API Media, WISA and ADIO comprising technologies\nthat represent standards in acoustics in Web 3.0 systems and technologies\nowned by Datavault AI. Owning digital asset exchanges, building them up to\nsolve problems using AI and blockchain makes this a really exciting time for\nall of us not just to own it but to get involved in the token economy.”\n\nImportant Information About the Rights Offering\n\nThe rights offering will be made pursuant to the Company’s effective shelf\nregistration statement on Form S-3, filed with the SEC on March 20, 2026 and\ndeclared effective on March 25, 2026, and a prospectus supplement containing\nthe detailed terms of the rights offering to be filed with the SEC. The\ninformation in this press release is not complete and is subject to change.\nThis press release shall not constitute an offer to sell or a solicitation of\nan offer to buy any securities, nor shall there be any offer, solicitation or\nsale of the securities in any state or jurisdiction in which such offer,\nsolicitation or sale would be unlawful under the securities laws of such state\nor jurisdiction. The rights offering will be made only by means of a\nprospectus and a related prospectus supplement. Copies of the prospectus and\nrelated prospectus supplement, when they become available, may be obtained\nfree of charge at the website maintained by the SEC at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54609375&newsitemid=20260923011314&lan=en-US&anchor=www.sec.gov&index=1&md5=70bdb4caea71d65b2fa199f38cf9aa31)\nor by contacting the information agent for the rights offering.\n\nAbout Datavault AI Inc.\n\nDatavault AI Inc. (Nasdaq: DVLT) is leading the way in AI driven data\nexperiences, valuation, and monetization of assets in the Web 3.0 environment.\nThe Company’s cloud-based platform provides comprehensive solutions with a\ncollaborative focus in its Acoustic Sciences and Data Sciences divisions.\n\nDatavault AI’s Acoustic Sciences division features WiSA®, ADIO®, and\nSumerian® patented technologies and industry-first foundational spatial and\nmultichannel wireless, high-definition sound transmission technologies with\nintellectual property covering audio timing, synchronization, and\nmulti-channel interference cancellation. The Data Science division leverages\nthe power of Web 3.0 and high-performance computing to provide solutions for\nexperiential data perception, valuation, and secure monetization.\n\nDatavault AI’s platform serves multiple industries, including\nhigh-performance computing software licensing for sports & entertainment,\nevents & venues, biotech, education, fintech, real estate, healthcare,\nenergy, and more. The Information Data Exchange® enables Digital Twins and\nthe licensing of name, image, and likeness by securely attaching physical\nreal-world objects to immutable metadata, fostering responsible AI with\nintegrity. The Company’s technology suite is fully customizable and offers\nAI- and machine-learning-based automation, third-party integration, detailed\nanalytics and data, marketing automation, and advertising monitoring.\n\nThe Company is headquartered in Philadelphia, PA. Learn more about Datavault\nAI at https://dvlt.ai\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fdvlt.ai&esheet=54609375&newsitemid=20260923011314&lan=en-US&anchor=https%3A%2F%2Fdvlt.ai&index=2&md5=07ab662cddacb2078b41e9aca2064d85)\n.\n\nAbout Moody Capital Solutions, Inc.\n\nMoody Capital is an investment bank providing capital raising, mergers and\nacquisitions, and advisory services to public and private companies, with a\nrecognized focus on rights offerings alongside registered directs,\nconfidentially marketed public offerings, follow-on offerings, PIPEs,\nat-the-market programs and private placements. Every engagement is led\ndirectly by senior bankers. Moody Capital is a registered broker-dealer and a\nmember of FINRA and SIPC. For more information, visit www.moodycapital.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.moodycapital.com&esheet=54609375&newsitemid=20260923011314&lan=en-US&anchor=www.moodycapital.com&index=3&md5=3ded8d9e5854a4b7cb88692b14570216)\n.\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” (within the\nmeaning of the Private Securities Litigation Reform Act of 1995, as amended,\nand other securities laws) about Datavault AI Inc. (“Datavault AI,” the\n“Company,” “us,” “our,” or “we”) and our industry that involve\nrisks and uncertainties. In some cases, you can identify forward-looking\nstatements because they contain words, such as “may,” “might,”\n“will,” “shall,” “should,” “expects,” “plans,”\n“anticipates,” “could,” “intends,” “target,” “projects,”\n“contemplates,” “believes,” “estimates,” “predicts,”\n“potential,” “goal,” “objective,” “seeks,” “likely” or\n“continue” or the negative of these words or other similar terms or\nexpressions that concern our expectations, strategy, plans or intentions. The\nabsence of these words does not mean that a statement is not forward-looking.\n\nForward-looking statements, include, but are not limited to, statements\nregarding future events, the proposed rights offering and its structure,\nterms, timing and expected completion, the anticipated use of proceeds, and\nthe expected characteristics of the securities to be offered; the Company’s\nintention to apply to list the Preferred Stock on the Nasdaq Capital Market\nand to seek a listing or quotation for the Common Unit subscription rights,\nPreferred Unit subscription rights, Series A Rights, Series B Rights, Series 1\nRights and Series 2 Rights; and the anticipated subscription period.\n\nActual results may differ materially from those indicated by these\nforward-looking statements as a result of various risks and uncertainties\nincluding, but not limited to, the following: whether market conditions permit\nthe Company to commence or complete the rights offering on the terms described\nor at all; the level of participation by holders; the Company’s ability to\nsatisfy the conditions to the rights offering, including any applicable\nlisting standards and regulatory requirements; the Company’s continued\nlisting on the Nasdaq Capital Market; whether the Preferred Stock and the\nCommon Unit subscription rights, Preferred Unit subscription rights, Series A\nRights, Series B Rights, Series 1 Rights and Series 2 Rights issuable in\nconnection with the rights offering are approved for listing; whether the\nvoting terms of the Preferred Stock satisfy applicable listing standards;\nchanges in market demand for Datavault AI’s services and products; changes\nin economic, market, or regulatory conditions; and other risks and\nuncertainties as more fully described in Datavault AI’s filings with the\nSEC, including its Annual Report on Form 10-K for the year ended December 31,\n2025 and other filings that Datavault AI makes from time to time with the SEC,\nwhich are available on the SEC’s website at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov%2F&esheet=54609375&newsitemid=20260923011314&lan=en-US&anchor=www.sec.gov&index=4&md5=fa615596a27b05045bc82de2d17e18db)\n, and could cause actual results to vary from expectations.\n\nThe forward-looking statements made in this press release relate only to\nevents as of the date on which the statements are made. Datavault AI\nundertakes no obligation to update any forward-looking statements made in this\npress release to reflect events or circumstances after the date of this press\nrelease or to reflect new information or the occurrence of unanticipated\nevents, except as required by law.\n\nDatavault AI may not actually achieve the plans, intentions, or expectations\ndisclosed in its forward-looking statements, and you should not place undue\nreliance on such forward-looking statements. Datavault AI’s forward-looking\nstatements do not reflect the potential impact of any future acquisitions,\nmergers, dispositions, joint ventures, or investments it may make.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260923011314/en/\n(https://www.businesswire.com/news/home/20260923011314/en/)\n\nDatavault AI Inc. \n\nMedia: marketing@dvlt.ai (mailto:marketing@dvlt.ai)\n\nInvestors: Edward Barger\n\nVice President, Investor Relations\n\nir@dvlt.ai (mailto:ir@dvlt.ai)\n\nMoody Capital Solutions, Inc. \n\n12807 Doe Drive, Alpharetta, Georgia 30004\n\nwww.moodycapital.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.moodycapital.com&esheet=54609375&newsitemid=20260923011314&lan=en-US&anchor=www.moodycapital.com&index=5&md5=e1f1c6802e33c8a0b418710cc0432901)\n| Member FINRA/SIPC\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-23T12:03:00.163018911Z","server_sent_at_ms":1790164980163},"received_at":"2026-09-23T12:03:00.326Z","source_url":"https://www.businesswire.com/news/home/20260923011314/en/"},"analysis":{"id":"139640","press_release_id":"150837","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["Common Unit priced at $0.20 — deep sub-dollar pricing signals distressed capital raising","Preferred Stock pays dividends payable potentially in common stock at a 10% discount to market — additional hidden dilution","Up to $125M combined raise for a small-cap issuer; dilution likely well over 20% if fully subscribed","Use of proceeds is broad 'working capital and general corporate purposes' with possible acquisitions","Company explicitly flags risk to its continued Nasdaq listing among offering risks"],"eventType":"offering","narrative":"Datavault AI's board approved a rights offering to all shareholders, with a record date of October 9, 2026 and Moody Capital Solutions acting as dealer manager.\n\nThe structure includes up to $50 million of Common Units priced at $0.20 each (with staged Series A/B rights at $0.25 and $0.30 strikes) and up to $75 million of Preferred Units at $25.00 carrying a $2.10 annual cumulative dividend and senior ranking over common stock.\n\nProceeds are earmarked for working capital and general corporate purposes, potentially including acquisitions and strategic transactions.\n\nThe $0.20 common unit price implies potentially severe dilution even though the structure lets all existing shareholders participate equally rather than issuing to a select group.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Micro-cap AI company raising up to $125M via rights offering at $0.20 common units — read as balance-sheet repair with heavy dilution risk."},"keyFigures":{"offeringPrice":"$0.20 per Common Unit; 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also preferred stated value and liquidation preference"},{"amount":"$2.10","context":"cumulative annual dividend per preferred share"},{"amount":"$0.25","context":"Series A Right exercise price per common share"},{"amount":"$0.30","context":"Series B Right exercise price per common share"},{"amount":"$30.00","context":"Series 1 Right exercise price per preferred share"},{"amount":"$35.00","context":"Series 2 Right exercise price per preferred share"}]},"materialImpact":{"score":4,"reasoning":"Rights offering of up to $50M in Common Units at $0.20 plus up to $75M in Preferred Units at $25.00 — up to $125M total for a small-cap AI company. Sub-$1 common unit pricing implies very substantial potential dilution, and proceeds are for working capital/general corporate purposes."},"tickerRelevance":{"others":[],"primary":"DVLT"},"globalImportance":30,"audienceRelevance":22,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"small/micro-cap","eventGravity":"rights offering up to $125M with sub-dollar pricing","issuerAuthored":true,"dilutionSeverity":"high"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"bearish","material_impact_score":4,"narrative":"Datavault AI's board approved a rights offering to all shareholders, with a record date of October 9, 2026 and Moody Capital Solutions acting as dealer manager.\n\nThe structure includes up to $50 million of Common Units priced at $0.20 each (with staged Series A/B rights at $0.25 and $0.30 strikes) and up to $75 million of Preferred Units at $25.00 carrying a $2.10 annual cumulative dividend and senior ranking over common stock.\n\nProceeds are earmarked for working capital and general corporate purposes, potentially including acquisitions and strategic transactions.\n\nThe $0.20 common unit price implies potentially severe dilution even though the structure lets all existing shareholders participate equally rather than issuing to a select group.","key_figures":{"offeringPrice":"$0.20 per Common Unit; $25.00 per Preferred Unit","sharesOffered":"up to 250,000,000 Common Units (1 right per share, $50,000,000 / $0.20 per unit) and up to 3,000,000 Preferred Units","customDimensions":{"record_date":"October 9, 2026","preferred_dividend":"$2.10 per share per annum, cumulative","subscription_period":"approximately 18 trading days","series_1_right_strike":"$30.00","series_2_right_strike":"$35.00","series_a_right_strike":"$0.25","series_b_right_strike":"$0.30","preferred_stated_value":"$25.00","preferred_units_offered":"up to 3,000,000","common_unit_offering_cap":"$50,000,000","preferred_unit_offering_cap":"$75,000,000","common_unit_subscription_price":"$0.20"}},"named_entities":{"people":[{"name":"Nathaniel Bradley","role":"Chief Executive Officer"},{"name":"Edward Barger","role":"Vice President, Investor Relations"}],"products":["WiSA","ADIO","Sumerian","Information Data Exchange","Data Vault AIP"],"companies":[{"name":"Datavault AI Inc.","ticker":"DVLT","relationship":"issuer/filer"},{"name":"Moody Capital Solutions, Inc.","relationship":"dealer manager"}],"dollarAmounts":[{"amount":"$50,000,000","context":"maximum Common Unit subscription rights offering"},{"amount":"$75,000,000","context":"maximum Preferred Unit subscription rights offering"},{"amount":"$0.20","context":"subscription price per Common Unit"},{"amount":"$25.00","context":"subscription price per Preferred Unit; also preferred stated value and liquidation preference"},{"amount":"$2.10","context":"cumulative annual dividend per preferred share"},{"amount":"$0.25","context":"Series A Right exercise price per common share"},{"amount":"$0.30","context":"Series B Right exercise price per common share"},{"amount":"$30.00","context":"Series 1 Right exercise price per preferred share"},{"amount":"$35.00","context":"Series 2 Right exercise price per preferred share"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-23T12:03:10.673Z","global_importance":30,"audience_relevance":22,"importance_components":{"tickerTier":"small/micro-cap","eventGravity":"rights offering up to $125M with sub-dollar pricing","issuerAuthored":true,"dilutionSeverity":"high"}},"durationMs":10340,"modelName":"glm-5.3-flashx"}}