Scilex completes $583 million strategic investment in Bitcoin-powered Datavault AI
7x24h News
Scilex completes $583 million strategic investment in Bitcoin-powered Datavault AI
Scilex Holding Company (Nasdaq: SCLX) today announced the completion of its second strategic investment in Datavault AI Inc. (Nasdaq: DVLT), acquiring prepaid warrant instruments through Bitcoin payments, which have now been fully exercised to obtain approximately 264 million shares of Datavault AI common stock. Based on yesterday's closing price of $2.21 per share, the total value is approximately $583 million. The transaction has been approved by Datavault AI's shareholders, and both parties will strengthen cooperation to jointly drive growth in real-world asset tokenization business beyond 2026. Scilex is an innovative pharmaceutical company focused on non-opioid pain management products, while Datavault AI is dedicated to AI-driven data experience, valuation, and asset monetization solutions.
Navigating Web3 tides with focused insightsTechFlow news, November 26 — Scilex Holding Company (Nasdaq: SCLX) today announced the completion of its second strategic investment in Datavault AI Inc. (Nasdaq: DVLT). Through bitcoin payments for prepaid warrant purchases, all warrants have been exercised, resulting in the acquisition of approximately 264 million shares of Datavault AI common stock. Based on yesterday's closing price of $2.21 per share, the total value is approximately $583 million. The transaction has been approved by Datavault AI's shareholders, and both parties will strengthen cooperation to jointly drive growth in real-world asset tokenization business beyond 2026. Scilex is an innovative pharmaceutical company focused on non-opioid pain management products, while Datavault AI specializes in AI-driven data experience, valuation, and asset monetization solutions.
