Datavault AI issues Maxim warrants for 2,727,272 shares at $0.63 each

Datavault AI

Datavault AI

DVLT

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  • Datavault AI issued Maxim Group participation warrants for 2,727,272 shares, exercise price USD 0.63, five-year term.
  • Warrants issued under a May 26 letter agreement tied to settlement of matters, waiver of participation rights in a May 5 stock sale.
  • Company filed a June 22 prospectus supplement to register the warrants, plus shares issuable on exercise, under its Form S-3 shelf.
  • Agreement includes a USD 1.05 million cash fee, 3% fee for Maxim in a future at-the-market offering.


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