Datavault AI Inc. (NASDAQ: DVLT) has entered into a definitive agreement with institutional investors to sell 109,090,910 shares of common stock in a registered direct offering, expected to generate approximately $60 million in gross proceeds, the company announced today. The offering is slated to close on or about May 5, 2026, subject to customary closing conditions.
The Philadelphia-based artificial intelligence and data infrastructure company said the proceeds will support the deployment of its quantum-ready graphics processing unit edge network, including build-out and equipment, as well as working capital and general corporate purposes. The move signals a major capital infusion aimed at scaling distributed GPU infrastructure across U.S. metropolitan markets.
Datavault AI’s quantum-ready edge GPU fleet, running on Available Infrastructure’s SanQtum AI platform, delivers distributed GPU infrastructure for AI inference workloads, real-time data analytics, and secure enterprise computing. The company targets customers in financial services, sports, media, and life sciences sectors.
The offering represents a significant financial milestone for Datavault AI, which operates through its Acoustic Sciences and Data Science divisions. The company develops patented technologies including WiSA, ADIO, and Sumerian acoustic infrastructure, along with data-licensing and analytics solutions. It also operates platforms supporting digital asset licensing and data-monetization workflows for enterprise clients.
Datavault AI is headquartered in Philadelphia, Pennsylvania, with operations supporting customers across North America. For more information on the offering, the full press release is available at https://ibn.fm/GobZP. The latest news and updates relating to DVLT are available in the company’s newsroom at https://ibn.fm/DVLT.
