Datavault AI Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Datavault AI Inc. (DVLT) on December 11, 2025. The filing discloses the payment date for a distribution of "Dream Bowl 2026 Meme Coin" tokens to specific securityholders. The company is incorporated in Delaware and trades on The Nasdaq Capital Market.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on the administrative details of a non-cash token distribution.
Material Changes and Events
The primary event reported is the declaration of a dividend distribution of Meme Coins. Key details include:
- Eligible Holders: Record holders of Datavault Common Stock, certain warrants, convertible promissory notes, and equity awards as of the close of business on November 25, 2025 (Record Date). Additionally, record holders of Scilex Holding Company common stock are eligible for a voluntary one-time distribution.
- Distribution Ratio: One Meme Coin for each share of Datavault Common Stock (or underlying securities) and one Meme Coin for each share of Scilex Common Stock held on the Record Date.
- Payment Date: Distribution payments are scheduled to begin on December 24, 2025, subject to satisfaction of payment conditions.
Guidance, Risks, and Contingencies
The filing outlines specific conditions required for holders to receive the distribution, which constitute material contingencies:
- Opt-In Requirement: Holders must actively elect to receive the distribution by completing an Opt-In Agreement via the Distribution Website (http://www.dreambowlcoin.com).
- Digital Wallet: Holders must set up a digital wallet with Datavault to receive the tokens.
- Consequence of Inaction: Holders who fail to satisfy these Payment Conditions will not be eligible to receive the Meme Coins until the conditions are met.
- Street Name Holders: Holders with shares in brokerage accounts ("street name") must coordinate with their brokerage firms to receive the Information Letter and complete the opt-in process.
Investor Verification Checklist
- Verify if the investor held Datavault securities or Scilex common stock as of the November 25, 2025 Record Date.
- Confirm whether the Opt-In Agreement has been submitted via the Distribution Website.
- Ensure a compatible digital wallet has been established to receive the tokens.
- Review the attached Exhibits (99.1 through 99.7) for full terms, FAQs, and wallet setup instructions.