Datavault AI has completed the full conversion of certain long-term notes with an aggregate original face value of $13.3 million, significantly strengthening its financial position. According to Chief Financial Officer Brett Moyer, this conversion represents a strategic milestone that will support the accelerated launch of independent data exchanges and the development of supercomputing capabilities in cooperation with IBM. The company's technology platform serves multiple industries through its Acoustic Science and Data Science Divisions.
The Acoustic Science Division features patented technologies including WiSA, ADIO and Sumerian, which provide foundational spatial and multichannel wireless HD sound transmission capabilities. These technologies cover intellectual property related to audio timing, synchronization and multi-channel interference cancellation. Meanwhile, the Data Science Division leverages Web 3.0 and high-performance computing to deliver solutions for experiential data perception, valuation and secure monetization.
The company's Information Data Exchange enables Digital Twins and licensing of name, image, and likeness by securely connecting physical real-world objects to immutable metadata objects. This approach fosters responsible artificial intelligence implementation with integrity. Datavault AI's comprehensive cloud-based platform offers customizable solutions including AI and machine learning automation, third-party integration, detailed analytics, marketing automation and advertising monitoring.
The technology serves diverse sectors including sports and entertainment, events and venues, biotech, education, fintech, real estate, healthcare and energy. Additional information about the company's offerings is available at https://www.datavaultsite.com. This financial development follows the company's recent announcement of a $150 million strategic equity investment in Bitcoin from Scilex, a Nasdaq-listed biotech firm operating in one of Datavault AI's primary target sectors.
The complete press release detailing these financial maneuvers can be accessed at https://ibn.fm/AnZsT. Forward-looking statements in corporate communications are subject to various risks and uncertainties, as outlined in the company's SEC filings and detailed in the full disclaimer available at http://IBN.fm/Disclaimer.
