Datavault AI converts $13.3 million in convertible debt
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Datavault AI Converts $13.3 Million in Convertible Debt, Strengthens Balance Sheet
October 2, 2025 6:18 PM UTCBEAVERTON, Ore., Oct. 02, 2025 (GLOBE NEWSWIRE) -- via IBN Datavault AI Inc. (Nasdaq: DVLT), a pioneer in AI-driven data monetization, today announced the full conversion of certain long term notes with an aggregate original face value of $13.3 million thereby  strengthening its balance sheet substantially.
Commenting on the debt conversion, Brett Moyer, Datavault AI Chief Financial Officer, said, Converting these notes is an important strategic milestone and supports the accelerated launch of our independent data exchanges (IDEs) and building out our supercomputing capabilities in cooperation with IBM.
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