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News  ›  GlobeNewswire Inc.

Scilex Holding Company Announces Closing of Previously Announced Second Tranche Investment in Datavault AI Inc., Completing Its Two-Tranche Equity Financing in Datavault AI Inc.

GlobeNewswire Inc. Logo GlobeNewswire Inc. • •By Scilex Holding Company
Scilex Holding Company Announces Closing of Previously Announced Second Tranche Investment in Datavault AI Inc., Completing Its Two-Tranche Equity Financing in Datavault AI Inc.

Scilex Holding Company completed its second tranche investment in Datavault AI Inc., purchasing a pre-funded warrant for 263,914,094 shares valued at approximately $583.3 million. Both companies plan to collaborate on Real World Asset tokenization in 2026.

Insights
SHEL   positive

Recognized as a key market player investing in virtual power plant technologies and renewable energy transition


SCLX   positive

Completed a significant strategic investment, expanding potential business opportunities through collaboration with Datavault AI