- Datavault AI Inc. (DVLT) has **regained compliance with Nasdaq Listing Rule 5550(a)(2)**, which requires a minimum bid price of $1.00 per share.  **[1682149_0001104659-25-099017_tm2528655d1_ex99-1.htm:0]** **[1682149_0001104659-25-099017_tm2528655d1_8k.htm:1]** 
- Nasdaq confirmed this on **October 10, 2025**, after the company's common stock maintained a closing bid price of at least **$1.00 per share for ten consecutive trading days**, from **September 26, 2025, to October 9, 2025**.  **[1682149_0001104659-25-099017_tm2528655d1_ex99-1.htm:0]** **[1682149_0001104659-25-099017_tm2528655d1_8k.htm:1]** 
- The company had initially disclosed on **May 6, 2025**, that it received a deficiency notification from Nasdaq regarding this minimum bid price requirement.  **[1682149_0001104659-25-099017_tm2528655d1_ex99-1.htm:0]** **[1682149_0001104659-25-099017_tm2528655d1_8k.htm:1]**

Datavault AI Regains Nasdaq Minimum Bid Price Compliance

- Datavault AI Inc. completed a registered direct offering of senior secured convertible notes, raising an aggregate purchase price of **$12,000,000** through the issuance of **Initial Notes** on **August 6, 2025**, and **Additional Notes** on **September 30, 2025**.  **[1682149_0001104659-25-095668_tm2527645d1_8k.htm:1]** 
- The notes have an aggregate principal amount of **$13,333,332**, include a **10% original issue discount**, and mature **18 months** from issuance.  **[1682149_0001104659-25-095668_tm2527645d1_8k.htm:1]** 
- These obligations rank **senior to all other existing indebtedness and equity** and are secured by all company assets.  **[1682149_0001104659-25-095668_tm2527645d1_8k.htm:1]** **[1682149_0001104659-25-095668_tm2527645d1_8k.htm:2]** 
- The notes are convertible into common stock at an initial conversion price of **$1.00 per share**, subject to a **floor price of $0.1019**.  **[1682149_0001104659-25-095668_tm2527645d1_8k.htm:1]** 
- The company is obligated to use up to **20% of future financing proceeds** to redeem the notes at **105% of the principal amount**.  **[1682149_0001104659-25-095668_tm2527645d1_8k.htm:2]** **[1682149_0001104659-25-095668_tm2527645d1_ex4-1.htm:23]**

Datavault AI (DVLT)