Scilex completed its second investment in Datavault AI using Bitcoin and fully exercised its options to acquire approximately $583 million worth of shares.

PANews reported on November 26th that, according to GLOBE NEWSWIRE, Scilex Holding Company announced the completion of its second investment in Datavault AI (Nasdaq: DVLT), purchasing pre-funded warrants in BTC, which, upon exercise, will yield 263,914,094 DVLT common shares. This exercise was completed after shareholder approval on November 24th, and based on DVLT's closing price of $2.21 per share on November 25th, the shares are valued at approximately $583 million. The two companies will further their RWA tokenization collaboration, aiming to expand its implementation by 2026.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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