The floor price caps the worst-case dilution from the Streeterville note, but the company still carries $25M in convertible debt with no cash infusion. The proximity to the Oct 6 director-resignation advisory plan suggests a strategic transaction (possibly a change of control) may be in motion. Monitor for a potential sale or restructuring announcement.
Price Chart
Executive Summary
Datavault AI Inc. amended its $25,030,000 convertible promissory note with Streeterville Capital to establish a floor price of $0.0632 on the conversion price, equal to 20% of the Nasdaq Minimum Price at issuance. This prevents further dilution below that floor but does not reduce the existing $25M debt burden or address the company's underlying financial condition.
Key Facts
- Original convertible note principal: $25,030,000, issued August 18, 2026 to Streeterville Capital, LLC.
- Amendment establishes a Nasdaq Floor Price of $0.0632, equal to 20% of the Nasdaq Minimum Price at issuance.
- No adjustment to the Fixed Price under Section 9 of the Note may reduce it below the Nasdaq Floor Price.
- The amendment was signed by CFO Brett Moyer for the company and John Fife for Streeterville Capital.
- This filing follows a 8-K filed 9 days ago (Oct 6, 2026) regarding advisory arrangements for resigning directors in connection with strategic/change-of-control transactions.
Financial Impact
The amendment caps conversion dilution at a floor price of $0.0632 per share, limiting potential dilution from the $25,030,000 note. The floor is 20% of the Nasdaq Minimum Price at issuance, which was $0.316, implying the floor is $0.0632.
Risk Factors
- The $25M convertible note remains a significant overhang; the floor price only limits further dilution, not the debt itself.
- The Oct 6 8-K on director resignation advisory arrangements hints at a potential change-of-control transaction, which could result in equity wipeout for common shareholders.
- No financial statements or operational updates were provided; the company's ability to service or repay the note is unclear.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-116228 |
| Document: tm2627673d1_ex4-1.htm | 0001104659-26-116228 |
| Document: 0001104659-26-116228-index-headers.html | 0001104659-26-116228 |
| Document: 0001104659-26-116228-index.html | 0001104659-26-116228 |
| Document: 0001104659-26-116228.txt | 0001104659-26-116228 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $0.1343 | awaiting T+60 | — | $0.1300 (+3.20%) |
Oct 15, 2026 11d ago | 8-K | $0.1320 | awaiting T+60 | — | $0.1300 (−1.52%) |
Oct 15, 2026 11d ago | 8-K | $0.1320 | awaiting T+60 | — | $0.1300 (+1.52%) |
Oct 6, 2026 20d ago | 3 | $0.1545 | awaiting T+60 | — | $0.1300 (−15.86%) |
Oct 6, 2026 20d ago | 8-K | $0.1545 | awaiting T+60 | — | $0.1300 (−15.86%) |
Sep 22, 2026 4w ago | Institutional Cluster | $0.1663 | awaiting T+60 | — | $0.1300 (−21.83%) |
Aug 19, 2026 9w ago | 8-K | $0.2962 | awaiting T+60 | — | $0.1300 (+56.11%) |
Aug 19, 2026 9w ago | 8-K | $0.2962 | awaiting T+60 | — | $0.1300 (+56.11%) |
Aug 17, 2026 10w ago | 8-K | $0.3867 | awaiting T+60 | — | $0.1300 (−66.38%) |
Aug 12, 2026 10w ago | S-3 | $0.3240 | awaiting T+60 | — | $0.1300 (+59.88%) |
US Market Status
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