Scilex Holding Company's Acquisition of Datavault AI Inc. Shares

Scilex Holding Company filed a Schedule 13D with the SEC, disclosing its acquisition of 15 million shares of common stock and a pre-funded warrant to purchase 263,914,094 shares of Datavault AI Inc. The total purchase price was $150 million, paid in Bitcoin. The acquisition was part of a Securities Purchase Agreement dated September 25, 2025. Scilex Holding Company now holds approximately 8.03% of Datavault AI Inc.'s outstanding common stock. The filing also includes details about a Voting Agreement with certain stockholders of Datavault AI Inc., ensuring their support for the transactions. The acquisition was funded through the sale of Semnur Pharmaceuticals, Inc. shares to Biconomy PTE.LTD.