Datavault AI Inc. issued warrants as a dividend to eligible record holders of its common stock and other equity securities as of January 7, 2026. Warrants were distributed on February 27, 2026, on a basis of one warrant for every 60 shares of common stock (or equivalents) held. Each warrant allows the holder to purchase one share of common stock at an exercise price of $5.00, subject to adjustment. The warrants are exercisable from February 27, 2026, until February 27, 2027. A key condition for exercise is holding one Dream Bowl Meme Coin II token per warrant share in a valid Datavault digital wallet, subject to company verification. The company registered the issuance of up to 9,723,244 warrants and the underlying common shares. The maximum aggregate amount of shares to be sold under an existing Equity Distribution Agreement was reduced from $50,000,000 to $33,383,781 to accommodate the warrant issuance.