Form 8-K

8-K — Datavault AI Inc.

Accession: 0001104659-26-078812

Filed: 2026-06-29

Period: 2026-06-24

CIK: 0001682149

SIC: 7389 (SERVICES-BUSINESS SERVICES, NEC)

Item: Entry into a Material Definitive Agreement

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or

15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event

reported): June 24, 2026

Datavault AI Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-38608

30-1135279

(State or other jurisdiction of

incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

One Commerce Square,

2005

Market Street, Suite 2400,

Philadelphia, PA

19103

(Address of Principal Executive

Offices)

(Zip Code)

(408) 627-4716

(Registrant’s telephone

number, including area code)

Not applicable

(Former Name or former address if changed

from last report.)

Check the

appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of

the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b)

of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which

registered

Common Stock, par value $0.0001 per share

DVLT

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth

company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange

Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check

mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 1.01. Entry into a Material Definitive

Agreement.

On June 24, 2026, Datavault AI Inc. (the “Company”)

entered into a binding term sheet (the “Term Sheet”) with Scilex Holding Company (“Scilex”), which sets forth

certain terms and conditions of Scilex’s proposed purchase (the “Proposed Transaction”) of Bitcoin (“BTC”)

from the Company that is currently held by the Company in a Biconomy digital wallet (the “Wallet”).

Pursuant to the Term

Sheet, and subject to the finalization of a definitive agreement (the “Definitive Agreement”) to be negotiated in good faith

by the Company and Scilex and, ultimately, the satisfaction of certain customary closing conditions to be contained therein, it is expected

that Scilex will purchase from the Company a total of 837 BTC held in the Wallet for $50 million (the “Purchase Price”). Scilex

has agreed to make an initial payment of $30 million, with the remaining $20 million payable in quarterly installments commencing in the

fourth quarter of 2026 and ending on December 31, 2028. Scilex will pay the Purchase Price in cash or shares of Scilex’s common

stock, par value $0.0001 per share, or publicly traded securities of Scilex’s subsidiaries, or a combination thereof, at the discretion

of Scilex.

The Term Sheet provides

that the Definitive Agreement will contain customary representations, warranties, covenants, indemnities, limitations on indemnity, termination

provisions and other terms typical for transactions of this nature.

There can be no assurance

that the Definitive Agreement and any other transaction documents necessary to consummate the Proposed Transaction will be entered into,

or that the Proposed Transaction will be consummated on the terms described herein or at all. The consummation of the Proposed Transaction

is subject to numerous factors, many of which are outside the control of the Company, including market conditions, regulatory approvals,

the actions of third parties, and the ability of the parties to negotiate and execute the Definitive Agreement. The Term Sheet reflects

terms that remain subject to further negotiation, modification and/or approval by the applicable boards of directors and may be terminated

by the parties. Any such termination, or a failure by the parties to agree on the Definitive Agreement, could result in disputes or litigation

relating to the interpretation, enforceability and/or performance of the provisions of the Term Sheet, which could be costly and/or time-consuming,

divert management attention and/or otherwise adversely affect the financial condition or liquidity of the Company, including its ability

to pursue or defend such claims. Accordingly, investors should not place undue reliance on the consummation of the Proposed Transaction

or the ability of the Company and Scilex to consummate the Proposed Transaction.

The foregoing description of the Term Sheet does

not purport to be complete and is qualified in its entirety by reference to the full text of the Term Sheet, a copy of which the Company

will file as an exhibit to its Quarterly Report on Form 10-Q for the quarter ending June 30, 2026 or by an amendment to this Current Report

on Form 8-K.

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: June 29, 2026

DATAVAULT AI INC.

By:

/s/ Nathaniel Bradley

Name:

Nathaniel Bradley

Title:

Chief Executive Officer

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