On October 2, 2025, Datavault AI Inc. announced the full conversion of its long‑term convertible notes, totaling an original face value of $13.3 million. The conversion was executed on the same day, as the company stated it had “today announced” the transaction, confirming the event’s occurrence on 2025‑10‑02.
By converting the notes to equity, Datavault AI eliminates a $13.3 million debt obligation, immediately improving its debt‑to‑equity ratio and reducing future interest expense. The move also frees up cash that can be deployed toward the company’s strategic initiatives, including the launch of independent data exchanges (IDEs) and the development of a supercomputer in partnership with IBM.
The conversion aligns with Datavault AI’s broader capital‑raising strategy, following a $150 million equity investment from Scilex in September. With the debt removed, the company’s balance sheet is more resilient, providing a stronger foundation for scaling its AI‑driven data monetization platform and supporting the IBM WatsonX‑powered infrastructure that underpins its upcoming product releases.
Overall, the transaction enhances financial flexibility, reduces leverage, and signals to investors that Datavault AI is actively managing its capital structure to support growth and operational execution.
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