SCHEDULE 13G/A: Key Investors Disclose Significant Stakes in Datavault AI Following Recent Offering

Joseph Reda and SEG Opportunity Fund, LLC have jointly disclosed beneficial ownership of 3.9% and 3.5% respectively, of Datavault AI, Inc.'s common stock following a recent registered direct offering.

Summary

• Joseph Reda and SEG Opportunity Fund, LLC have jointly filed an Amendment No. 4 to Schedule 13G, disclosing their beneficial ownership in Datavault AI, Inc.'s Common Stock.
• Joseph Reda beneficially owns an aggregate of 2,217,358 shares, representing 3.9% of the class.
• SEG Opportunity Fund, LLC beneficially owns an aggregate of 2,000,000 shares, representing 3.5% of the class.
• Joseph Reda holds sole voting and dispositive power over 217,358 shares and shared voting and dispositive power over 2,000,000 shares through SEG Opportunity Fund, LLC, where he serves as manager.
• SEG Opportunity Fund, LLC holds shared voting and dispositive power over 2,000,000 shares.
• The beneficial ownership percentages are calculated based on 56,791,186 shares of Common Stock outstanding, verified with the Issuer on February 14, 2025, after the closing of a registered direct offering of shares and warrants.
• The securities were not acquired or held for the purpose of changing or influencing the control of Datavault AI, Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing disclosing beneficial ownership, providing factual information without expressing positive or negative sentiment about the company's performance or outlook. It is neutral in tone and content regarding the company's operational or financial health.

Positives

• Disclosure of significant beneficial ownership by institutional investors like SEG Opportunity Fund, LLC and an individual like Joseph Reda can signal confidence in the company's prospects.
• The increased share count due to the registered direct offering indicates the company successfully raised capital.

Future Outlook

The document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." (Certification by Joseph Reda and SEG Opportunity Fund, LLC)

Industry Context

This filing is a routine regulatory disclosure of significant ownership stakes, common across all publicly traded industries. It reflects the outcome of a capital raise event for Datavault AI, Inc., indicating ongoing activity in the capital markets for technology or data-related companies.

Stakeholder Impact

• Shareholders gain transparency regarding significant ownership stakes in the company, which can influence market perception and liquidity.
• The disclosure of a recent registered direct offering indicates the company has secured additional capital, which could support future operations and growth initiatives.

Key Dates

Keywords

Datavault AI, Joseph Reda, SEG Opportunity Fund, Beneficial Ownership, Schedule 13G, Common Stock, SEC Filing, Institutional Investment, Registered Direct Offering