Datavault AI proposes warrant dividend to shareholders

Datavault AI Inc. (NASDAQ: DVLT) announced plans to distribute warrants as a special dividend to shareholders, with a record date set for Jan. 7, 2026.

Under the proposed terms, shareholders would receive one warrant for every 60 shares of common stock owned as of the record date. The warrants would carry an exercise price of $5.00 per share and expire one year after the distribution date, which has not yet been determined.

The warrants would be exercisable only by holders who own at least one Dream Bowl Meme Coin II token in a digital wallet with the company at the time of exercise. Warrant holders would need to pay cash to exercise their rights to purchase shares.

The company stated that its board of directors has not formally declared the dividend and retains the right to change the record date or revoke the dividend before distribution. The board may cancel the dividend for reasons including material changes to the company's solvency analysis.

Datavault AI said it will file a warrant agreement with the Securities and Exchange Commission on or before the distribution date. The company indicated it will announce the final terms and distribution date on or before Jan. 7, 2026.

The warrant distribution would not be registered under the Securities Act of 1933, as the company considers the distribution of warrants for no consideration does not constitute a security sale under federal law.

Datavault AI operates in data monetization and digital engagement technologies, with divisions focused on acoustic science and data science applications.

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