Datavault AI closes $60 million stock offering

Datavault AI Inc. (NASDAQ: DVLT) completed a registered direct offering of 109,090,910 shares of common stock, generating approximately $60 million in gross proceeds before expenses, according to a company statement.

The offering was led by institutional investors, with participation from existing shareholders. Titan Partners, a division of American Capital Partners, served as sole placement agent, while Rodman & Renshaw acted as financial advisor.

The Philadelphia-based company plans to use net proceeds to deploy its quantum-ready graphics processing unit edge network, including build-out and equipment costs, along with working capital and general corporate purposes.

Datavault AI provides data monetization, credentialing, digital engagement, and real-world asset tokenization technologies. The company operates through two divisions: Acoustic Sciences, which includes WiSA, ADIO, and Sumerian technologies for spatial and multichannel wireless audio transmission; and Data Science, which offers Web 3.0 and high-performance computing solutions for data perception, valuation, and monetization.

The shares were sold under a shelf registration statement filed with the Securities and Exchange Commission on March 20, 2026, and declared effective March 25, 2026. The company's platform serves multiple industries including sports and entertainment, biotech, fintech, real estate, healthcare, and energy sectors.

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