Datavault AI Raises $60M via 109M-Share Registered Direct Offering
Datavault AI has agreed to sell 109,090,910 common shares in a registered direct offering to institutional investors, generating about $60.0 million in gross proceeds. The company will use the funds for build-out and equipment for its quantum-ready edge GPU network, plus working capital and corporate purposes.
1. Registered Direct Offering Details
Datavault AI has entered into a definitive agreement with institutional investors to sell 109,090,910 shares of common stock in a registered direct offering, expected to generate approximately $60.0 million in gross proceeds. The transaction is slated to close on or about May 5, 2026, subject to customary closing conditions.
2. Allocation of Proceeds
Proceeds from the offering will fund deployment of Datavault AI’s quantum-ready graphics processing unit edge network, covering build-out and equipment costs, while the remainder will support working capital and general corporate purposes.
3. Company Overview
Datavault AI builds enterprise-grade computing platforms, featuring a quantum-ready edge GPU fleet running on the SanQtum AI platform, delivering distributed GPU infrastructure for AI inference, real-time data analytics, and secure enterprise computing across financial services, media, sports, and life sciences.