PANews reported on November 26th that, according to GLOBE NEWSWIRE, Scilex Holding Company announced the completion of its second investment in Datavault AI (Nasdaq: DVLT), purchasing pre-funded warrants in BTC, which, upon exercise, will yield 263,914,094 DVLT common shares. This exercise was completed after shareholder approval on November 24th, and based on DVLT's closing price of $2.21 per share on November 25th, the shares are valued at approximately $583 million. The two companies will further their RWA tokenization collaboration, aiming to expand its implementation by 2026.PANews reported on November 26th that, according to GLOBE NEWSWIRE, Scilex Holding Company announced the completion of its second investment in Datavault AI (Nasdaq: DVLT), purchasing pre-funded warrants in BTC, which, upon exercise, will yield 263,914,094 DVLT common shares. This exercise was completed after shareholder approval on November 24th, and based on DVLT's closing price of $2.21 per share on November 25th, the shares are valued at approximately $583 million. The two companies will further their RWA tokenization collaboration, aiming to expand its implementation by 2026.
Scilex completed its second investment in Datavault AI using Bitcoin and fully exercised its options to acquire approximately $583 million worth of shares.
PANews reported on November 26th that, according to GLOBE NEWSWIRE, Scilex Holding Company announced the completion of its second investment in Datavault AI (Nasdaq: DVLT), purchasing pre-funded warrants in BTC, which, upon exercise, will yield 263,914,094 DVLT common shares. This exercise was completed after shareholder approval on November 24th, and based on DVLT's closing price of $2.21 per share on November 25th, the shares are valued at approximately $583 million. The two companies will further their RWA tokenization collaboration, aiming to expand its implementation by 2026.
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