Datavault AI Inc. — Form SCHEDULE 13D/A
Filed August 24, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D/A
— Neutral
significance 28/100
What the filing says
Scilex Holding Company established an uncommitted revolving line of credit with Vivasor, Inc. for up to $20,000,000, effective August 8, 2026, with a 120-month maturity. Interest accrues at 5% per annum on drawn amounts; funding is at Scilex's sole discretion and may be made in cash, securities, or Datavault common shares. The note includes standard default triggers (payment default, bankruptcy, material covenant breach, change of control without consent) and restricts Vivasor from incurring senior/pari passu debt or liens without Scilex consent.
Why this rating
Uncommitted credit facility (no guaranteed funding) sized at 42% of Datavault's ~$47.5M market cap; routine financing instrument with discretionary drawdown; no immediate capital impact, though change-of-control restriction constrains M&A flexibility.
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