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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):
August 25, 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,
Pennsylvania 19103 |
| (Address of principal executive offices, including zip code) |
Registrant’s telephone
number, including area code: (408) 627-4716
N/A
(Former name or former address, if changed
since 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:
| ¨ |
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
Capital Market |
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 3.01 |
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
As previously disclosed in a Current Report on
Form 8-K filed by Datavault AI Inc. (the “Company”) with the Securities and Exchange Commission (“SEC”) on February
27, 2026, the Company received a letter dated February 24, 2026 from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the
Company that, because the closing bid price for its common stock has been below $1.00 per share for 30 consecutive business days, it no
longer complies with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2)
requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”), and Nasdaq
Listing Rule 5810(c)(3)(A) provides that a failure to meet the Minimum Bid Price Requirement exists if the deficiency continues for a
period of 30 consecutive business days.
In accordance with Nasdaq Listing Rule 5810(c)(3)(A),
the Company was provided an initial 180 calendar day period, or until August 24, 2026 (the “Initial Compliance Deadline”),
to regain compliance with the Minimum Bid Price Requirement. The Company was unable to regain compliance with the Minimum Bid Price Requirement
by the Initial Compliance Deadline.
On August 25, 2026, the Company received a letter
from Nasdaq (the “Extension Notice”) notifying the Company that its request for an extension to regain compliance with the
Minimum Bid Price Requirement has been granted, and the Company has an additional 180 calendar days, or until February 22, 2027 (the “Second
Compliance Deadline” and, such additional 180 calendar day period, the “Second Compliance Period”), to regain compliance
with the Minimum Bid Price Requirement. Nasdaq’s determination was based on the Company meeting the continued listing requirement
for the market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market, with
the exception of the Minimum Bid Price Requirement, and the Company’s written notice of its intention to cure the deficiency during
the additional compliance period, including by effecting a reverse stock split, if necessary. The Extension Notice has no immediate effect
on the listing or trading of the Company’s common stock on the Nasdaq Capital Market and, at this time, the Company’s common
stock will continue to trade on the Nasdaq Capital Market under the symbol “DVLT.” If at any time during the Second Compliance
Period, the bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days,
Nasdaq will provide the Company with written confirmation of compliance with the Minimum Bid Price Requirement and the matter will be
closed.
If the Company does not regain compliance with
the Minimum Bid Price Requirement during the Second Compliance Period, Nasdaq will provide written notification to the Company that its
common stock will be delisted. At that time, the Company may appeal the relevant delisting determination to a hearings panel pursuant
to the procedures set forth in the applicable Nasdaq Listing Rules. However, there can be no assurance that, if the Company does appeal
the delisting determination by Nasdaq to the hearings panel, such appeal would be successful.
The Company intends to actively monitor the bid
price for its common stock between now and February 22, 2027, and will consider available options to regain compliance with the Minimum
Bid Price Requirement. There can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement
or that the Company will otherwise be in compliance with the other listing standards for the Nasdaq Capital Market.
Cautionary Note Regarding Forward-Looking Statements
The information in this Current Report on Form
8-K may contain “forward-looking statements” (within the meaning of Section 27A of the Securities Act, Section 21E of the
Exchange Act, the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws) about Datavault AI Inc. (“Datavault,”
the “Company,” “us,” “our,” or “we”) and our industry that involve risks and uncertainties.
In some cases, forward-looking statements can be identified by words such as “may,” “might,” “will,”
“shall,” “should,” “expects,” “plans,” “anticipates,” “could,”
“intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,”
“predicts,” “potential,” “goal,” “objective,” “seeks,” “likely”
or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy,
plans or intentions. The absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are
based on the current beliefs, assumptions, and expectations of management and current market conditions. Readers are cautioned not to
place undue reliance on these and other forward-looking statements contained herein. There can be no assurance that the Company will meet
the Minimum Bid Price Requirement during any compliance period or otherwise in the future, otherwise meet Nasdaq compliance standards,
or that Nasdaq will grant the Company any relief from delisting as necessary or whether the Company can agree to or ultimately meet applicable
Nasdaq requirements for any such relief. Reference is also made to other factors detailed from time to time in the Company’s periodic
reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2025 and other filings that Datavault
makes from time to time with the SEC, which are available on the SEC’s website at www.sec.gov, and could cause actual results to
vary from expectations.
The forward-looking statements made in this Current
Report on Form 8-K relate only to events as of the date on which the statements are made. Datavault undertakes no obligation to update
any forward-looking statements made in this Current Report on Form 8-K to reflect events or circumstances after the date hereof or to
reflect new information or the occurrence of unanticipated events, except as required by law. Datavault may not actually achieve the plans,
intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on such forward-looking
statements. Datavault’s forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions,
joint ventures or investments it may make.
| Item 9.01. |
Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit
Number |
|
Description |
| 104 |
|
Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL). |
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.
| |
DATAVAULT AI INC. |
| |
|
|
| |
By: |
/s/ Brett Moyer |
| |
Name: |
Brett Moyer |
| |
Title: |
Chief Financial Officer |
| |
|
|
| Date: August 25, 2026 |
|
|