Datavault AI Amends $25M Convertible Note to Add a Conversion Price Floor

Datavault AI Inc. has entered into an amendment for its $25.03 million Convertible Promissory Note with investor Streeterville Capital, LLC. The amendment establishes a floor price for the conversion of the note into common stock, providing a safeguard against potential dilution from downward price adjustments.

Key Details

• Agreement: On October 15, 2026, the company amended its Convertible Promissory Note originally issued to Streeterville Capital, LLC on August 18, 2026.
• New Term: A "Nasdaq Floor Price" for conversion was established at $0.0632 per share.
• Impact: The amendment ensures that no adjustment to the note's fixed conversion price can reduce it below the new $0.0632 floor.
• Note Value: The original principal amount of the convertible note is $25,030,000.