Datavault AI Inc. Enters Material Definitive Agreement

TL;DR

Datavault AI Inc. just signed a big deal with a new financial obligation.

AI Summary

On September 30, 2025, Datavault AI Inc. entered into a material definitive agreement, creating a direct financial obligation. The company, formerly known as Summit Wireless Technologies, Inc., is incorporated in Delaware and headquartered in Beaverton, Oregon.

Why It Matters

This filing indicates Datavault AI Inc. has entered into a significant new agreement that will create a financial obligation for the company, potentially impacting its financial health and future operations.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement that creates a direct financial obligation can introduce new risks related to the terms of the agreement and the company's ability to meet its commitments.

Key Players & Entities

• Datavault AI Inc. (company) — Registrant
• September 30, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• Beaverton, Oregon (location) — Business Address
• Summit Wireless Technologies, Inc. (company) — Former Company Name

FAQ

Key Financial Figures

• $0.0001 — h registered Common Stock, par value $0.0001 per share DVLT The Nasdaq Capital M
• $6,666,666 — having an aggregate principal amount of $6,666,666 (the "Initial Notes") for an aggregate
• $6,000,000 — es") for an aggregate purchase price of $6,000,000 and senior secured convertible notes ha
• $1.00 — at an initial conversion price equal to $1.00 per share (the "Conversion Price"). Alt
• $0.1019 — he Notes is subject to a floor price of $0.1019 (the "Floor Price"). In the event the

Filing Documents

• tm2527645d1_8k.htm (8-K) — 33KB
• tm2527645d1_ex4-1.htm (EX-4.1) — 151KB
• 0001104659-25-095668.txt ( ) — 386KB
• wisa-20250930.xsd (EX-101.SCH) — 3KB
• wisa-20250930_lab.xml (EX-101.LAB) — 33KB
• wisa-20250930_pre.xml (EX-101.PRE) — 22KB
• tm2527645d1_8k_htm.xml (XML) — 3KB

01 Entry Into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement. Securities Purchase Agreement As previously disclosed, on August 4, 2025, Datavault AI Inc., a Delaware corporation (the "Company"), entered into a Securities Purchase Agreement (the "Purchase Agreement") with certain institutional investors (the "Purchasers"), pursuant to which the Purchasers agreed to purchase from the Company in a registered direct offering (the "Offering"), senior secured convertible notes having an aggregate principal amount of $6,666,666 (the "Initial Notes") for an aggregate purchase price of $6,000,000 and senior secured convertible notes having an aggregate principal amount of $6,666,666 (the "Additional Notes", and together with the Initial Notes, the "Notes") for an aggregate purchase price of $6,000,000 upon satisfaction of certain closing conditions applicable to the Initial Notes and Additional Notes, respectively. The closing of Initial Notes (the "Initial Closing") occurred on August 6, 2025. The Notes and Conversion Shares (as defined herein) were offered by the Company pursuant to a registration statement on Form S-3 (File No. 333-288538), which was initially filed with the Securities and Exchange Commission (the "Commission") on July 7, 2025, and was declared effective by the Commission on July 9, 2025, the prospectus contained therein and a prospectus supplement relating to the Offering dated August 4, 2025. Additional Closing The closing of the Additional Notes (the "Additional Closing," and together with the Initial Closing, the "Closings") occurred, and the Additional Notes were issued, on September 30, 2025. Obligations Under the Purchase Agreement Pursuant to the Purchase Agreement, the Company agreed, subject to certain exceptions, (i) not to offer for sale, issue, sell, contract to sell, pledge or otherwise dispose of any of shares of Common Stock or securities convertible into shares of Common Stock until 45 days after the date of each Closing, and (ii) not

03 Creation of Direct Financial Obligation or an Obligation

Item 2.03 Creation of Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information under Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 4.1 Form of Senior Secured Promissory Note issued on September 30, 2025. 10.1 Formof Securities Purchase Agreement, dated August4, 2025 (incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on August 4, 2025). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 1, 2025 DATAVAULT AI INC. By: /s/ Brett Moyer Name: Brett Moyer Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR