SCHEDULE: Scilex Holding Boosts Datavault AI Stake to 40.05%

Scilex Holding Company has increased its beneficial ownership in Datavault AI Inc. to 40.05% through recent stock acquisitions.

Summary

• Scilex Holding Company (SHC) filed Amendment No. 3 to its Schedule 13D, updating its beneficial ownership in Datavault AI Inc.
• SHC is now the beneficial owner of 229,731,770 shares of Datavault AI Inc. Common Stock.
• This ownership represents approximately 40.05% of the issued and outstanding Common Stock, calculated based on 573,632,396 shares outstanding as of January 5, 2026.
• SHC acquired additional shares on January 6, 2026 (6,053,708 shares at $1.3681), January 7, 2026 (4,835,581 shares at $1.2013), and January 8, 2026 (3,824,201 shares at $1.0683).

Sentiment

Score: 6

Explanation: The increase in beneficial ownership by Scilex Holding Company suggests continued strategic interest and confidence in Datavault AI Inc. However, the declining average acquisition price over the reported transaction dates could indicate a downward trend in the Issuer's stock price, introducing a degree of caution.

Positives

• Scilex Holding Company increased its beneficial ownership in Datavault AI Inc., signaling continued strategic interest and confidence in the Issuer.

Negatives

• The average price per share for the recent acquisitions by Scilex Holding Company decreased from $1.3681 on January 6, 2026, to $1.0683 on January 8, 2026, potentially indicating a declining market price for Datavault AI Inc. common stock.

Stakeholder Impact

• Shareholders: The increased institutional ownership by Scilex Holding Company could be viewed as a positive signal of confidence, potentially stabilizing or supporting the stock. However, the declining average acquisition price during the reported transactions might raise concerns among existing shareholders regarding the stock's recent market performance.

Key Dates

Recommendation

Scilex Holding Company's increased stake to over 40% in Datavault AI Inc. demonstrates strong conviction from a significant holder. However, the declining average price paid for shares across the recent transactions suggests potential downward pressure on Datavault AI's stock price. This mixed signal warrants a 'hold' recommendation, advising investors to monitor the stock's performance and Scilex's future actions closely before making further investment decisions.

Keywords

Datavault AI Inc., Scilex Holding Company, Schedule 13D, Beneficial Ownership, Common Stock, Equity Stake, SEC Filing