Datavault AI Converts $13.3 Million in Convertible Debt, Strengthens Balance Sheet

Datavault AI Converts $13.3 Million in Convertible Debt, Strengthens Balance Sheet

Datavault AI Strengthens Financial Position with $13.3 Million Debt Conversion

Datavault AI Inc. has completed the full conversion of certain long-term notes with an aggregate original face value of $13.3 million, substantially strengthening its financial position. According to Brett Moyer, Chief Financial Officer, this conversion represents a strategic milestone that will support the accelerated launch of independent data exchanges and the buildout of supercomputing capabilities in cooperation with IBM. The company’s tech…