Datavault AI Inc. (NASDAQ: DVLT) announced it has entered into a definitive agreement with institutional investors for a registered direct offering of 109,090,910 shares of common stock. The offering is expected to generate gross proceeds of approximately $60 million before deducting offering expenses.

The closing is expected to occur on or about May 5, 2026, subject to customary closing conditions. The company plans to use net proceeds for deployment of its quantum-ready graphics processing unit edge network, including build-out and equipment, as well as working capital and general corporate purposes.

The offering was led by several global investment managers with participation from existing shareholders. Titan Partners, a division of American Capital Partners, is serving as the sole placement agent for the offering.

The shares are being offered under a shelf registration statement on Form S-3 that was filed with the Securities and Exchange Commission on March 20, 2026, and declared effective on March 25, 2026.

Datavault AI is a Philadelphia-based artificial intelligence and data infrastructure company that provides data monetization, credentialing, digital engagement, and real-world asset tokenization technologies. The company operates quantum-ready edge GPU fleet running on Available Infrastructure's SanQtum AI platform across U.S. metropolitan markets.