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  4. [D] Datavault AI Inc. SEC Filing

Datavault AI (NASDAQ: DVLT) uses stock to fund merger

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
D

Rhea-AI Filing Summary

Datavault AI Inc. (DVLT) filed a Form D for a Regulation D exempt offering of equity securities in connection with a merger. The notice reports a total amount sold of $29,172,366 and no remaining amount to be sold, with the offering relying on Rule 506(b) of Regulation D and treated as a new notice.

The filing states this amount represents merger consideration for the issuance of 74,800,939 shares of Datavault AI common stock, agreed in an Agreement and Plan of Merger dated March 18, 2026. The date of first sale is listed as August 18, 2026. The issuer reports no finders’ fees in connection with the offering and declines to disclose its revenue range.

Positive

  • None.

Negative

  • None.

Filing Explained

The Form D reports $29,172,366 sold and $0 remaining, tied to merger consideration for the issuance of 74,800,939 shares; once issued, those added shares would increase total share count and reduce existing holders’ percentage ownership absent offsetting changes.

Total Amount Sold $29,172,366 USD Total amount sold in the exempt equity offering
Total Remaining to be Sold $0 USD Remaining amount in the offering
Shares of Common Stock Issued 74,800,939 shares Issuer common stock issued as merger consideration
Regulation D Exemption Rule 506(b) Federal exemption claimed for the offering
Date of First Sale 2026-08-18 First sale date reported for the offering
Merger Agreement Date March 18, 2026 Date of Agreement and Plan of Merger governing consideration
Finders’ Fees $0 USD Finders’ fees expenses related to the offering
Form D regulatory
"FORM D Notice of Exempt Offering of Securities"
Form D is a short notice filed with the U.S. Securities and Exchange Commission when a company raises money using a private offering exemption instead of a full public registration. Think of it as a public receipt that lists basic facts about the fundraiser—amount sought, how much has been sold, and who the issuer is—without the full audited disclosures of a public offering. Investors use it to spot private financings, assess potential dilution or fundraising activity, and find contact information, but it is not a substitute for detailed due diligence.
Rule 506(b) regulatory
"X | Rule 506(b) | Rule 506(c) | Securities Act Section 4(a)(5)"
Rule 506(b) is a U.S. securities exemption that lets companies sell shares or debt privately without full public registration, provided sales are primarily to accredited investors, up to 35 non‑accredited but financially knowledgeable buyers, and there is no public advertising or solicitation. It matters to investors because offerings under 506(b) usually include less public disclosure than registered securities—like buying from a private seller rather than a retail store—so buyers must do more of their own fact‑checking and rely on their financial sophistication.
Regulation D exemption regulatory
"if the issuer is claiming a Regulation D exemption for the offering"
covered securities regulatory
"if the securities that are the subject of this Form D are "covered securities""
Agreement and Plan of Merger financial
"agreed upon in the Agreement and Plan of Merger, dated March 18, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

FAQ

What type of securities is Datavault AI Inc. (DVLT) offering in this Form D?
Datavault AI Inc. is offering equity securities under this Form D filing. The equity represents 74,800,939 shares of common stock issued as merger consideration, tied to an Agreement and Plan of Merger dated March 18, 2026.

How much has Datavault AI Inc. (DVLT) sold under this exempt offering?
The filing reports a total amount sold of $29,172,366 in this exempt equity offering. The amount corresponds to merger consideration for shares of Datavault AI Inc. common stock issued under the merger agreement.

Is there any remaining amount to be sold in Datavault AI Inc.’s (DVLT) Form D offering?
No. Datavault AI Inc. reports a total remaining to be sold of $0 under this Form D exempt offering, indicating the full $29,172,366 amount tied to the merger consideration has been allocated.

What exemption is Datavault AI Inc. (DVLT) using for this securities offering?
The company is relying on Rule 506(b) of Regulation D under the Securities Act for this exempt offering. The filing is marked as a new notice rather than an amendment.

When did Datavault AI Inc. (DVLT) first sell securities in this offering?
The Form D lists the date of first sale as August 18, 2026 for this exempt equity offering conducted under Rule 506(b) of Regulation D.

Did Datavault AI Inc. (DVLT) pay any finders’ fees in this Form D transaction?
No. The filing discloses finders’ fees of $0 associated with this exempt offering, indicating no finders’ fee expenses were incurred.

What is the purpose of the Datavault AI Inc. (DVLT) Form D equity issuance?
The filing states the $29,172,366 offering represents merger consideration for the issuance of 74,800,939 shares of common stock, as agreed in an Agreement and Plan of Merger dated March 18, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Intentional misstatements or omissions of fact constitute federal criminal violations. See 18 U.S.C. 1001.

FORM D

Notice of Exempt Offering of Securities
OMB APPROVAL
OMB Number: 3235-0076
Estimated average burden
hours per response: 4.00

1. Issuer's Identity

CIK (Filer ID Number) Previous Names
None
Entity Type
0001682149
WISA TECHNOLOGIES, INC.
Summit Wireless Technologies, Inc.
Summit Semiconductor Inc.
Summit Semiconductor LLC
X Corporation
Limited Partnership
Limited Liability Company
General Partnership
Business Trust
Other (Specify)

Name of Issuer
Datavault AI Inc.
Jurisdiction of Incorporation/Organization
DELAWARE
Year of Incorporation/Organization
X Over Five Years Ago
Within Last Five Years (Specify Year)
Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
Datavault AI Inc.
Street Address 1 Street Address 2
One Commerce Square, 2005 Market Street Suite 2400
City State/Province/Country ZIP/PostalCode Phone Number of Issuer
Philadelphia PENNSYLVANIA 19103 408-627-4716

3. Related Persons

Last Name First Name Middle Name
Moyer Brett
Street Address 1 Street Address 2
One Commerce Square, 2005 Market Street Suite 2400
City State/Province/Country ZIP/PostalCode
Philadelphia PENNSYLVANIA 19103
Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Chief Financial Officer
Last Name First Name Middle Name
Bradley Nathaniel
Street Address 1 Street Address 2
One Commerce Square, 2005 Market Street Suite 2400
City State/Province/Country ZIP/PostalCode
Philadelphia PENNSYLVANIA 19103
Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Chief Executive Officer
Last Name First Name Middle Name
Gilbert Jeffrey
Street Address 1 Street Address 2
One Commerce Square, 2005 Market Street Suite 2400
City State/Province/Country ZIP/PostalCode
Philadelphia PENNSYLVANIA 19103
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Howitt David
Street Address 1 Street Address 2
One Commerce Square, 2005 Market Street Suite 2400
City State/Province/Country ZIP/PostalCode
Philadelphia PENNSYLVANIA 19103
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Kristensen Helge
Street Address 1 Street Address 2
One Commerce Square, 2005 Market Street Suite 2400
City State/Province/Country ZIP/PostalCode
Philadelphia PENNSYLVANIA 19103
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Peruvemba Sriram
Street Address 1 Street Address 2
One Commerce Square, 2005 Market Street Suite 2400
City State/Province/Country ZIP/PostalCode
Philadelphia PENNSYLVANIA 19103
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Tobias Robert
Street Address 1 Street Address 2
One Commerce Square, 2005 Market Street Suite 2400
City State/Province/Country ZIP/PostalCode
Philadelphia PENNSYLVANIA 19103
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Wilson Wendy
Street Address 1 Street Address 2
One Commerce Square, 2005 Market Street Suite 2400
City State/Province/Country ZIP/PostalCode
Philadelphia PENNSYLVANIA 19103
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Briskey Kimberly
Street Address 1 Street Address 2
One Commerce Square, 2005 Market Street Suite 2400
City State/Province/Country ZIP/PostalCode
Philadelphia PENNSYLVANIA 19103
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

4. Industry Group

Agriculture
Banking & Financial Services
Commercial Banking
Insurance
Investing
Investment Banking
Pooled Investment Fund
Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?
Yes No
Other Banking & Financial Services
Business Services
Energy
Coal Mining
Electric Utilities
Energy Conservation
Environmental Services
Oil & Gas
Other Energy
Health Care
Biotechnology
Health Insurance
Hospitals & Physicians
Pharmaceuticals
Other Health Care
Manufacturing
Real Estate
Commercial
Construction
REITS & Finance
Residential
Other Real Estate
Retailing
Restaurants
Technology
Computers
Telecommunications
X Other Technology
Travel
Airlines & Airports
Lodging & Conventions
Tourism & Travel Services
Other Travel
Other

5. Issuer Size

Revenue Range OR Aggregate Net Asset Value Range
No Revenues No Aggregate Net Asset Value
$1 - $1,000,000 $1 - $5,000,000
$1,000,001 - $5,000,000 $5,000,001 - $25,000,000
$5,000,001 - $25,000,000 $25,000,001 - $50,000,000
$25,000,001 - $100,000,000 $50,000,001 - $100,000,000
Over $100,000,000 Over $100,000,000
X Decline to Disclose Decline to Disclose
Not Applicable Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

Rule 504(b)(1) (not (i), (ii) or (iii))
Rule 504 (b)(1)(i)
Rule 504 (b)(1)(ii)
Rule 504 (b)(1)(iii)
X Rule 506(b)
Rule 506(c)
Securities Act Section 4(a)(5)
Investment Company Act Section 3(c)
Section 3(c)(1) Section 3(c)(9)
Section 3(c)(2) Section 3(c)(10)
Section 3(c)(3) Section 3(c)(11)
Section 3(c)(4) Section 3(c)(12)
Section 3(c)(5) Section 3(c)(13)
Section 3(c)(6) Section 3(c)(14)
Section 3(c)(7)

7. Type of Filing

X New Notice Date of First Sale 2026-08-18 First Sale Yet to Occur
Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?
Yes X No

9. Type(s) of Securities Offered (select all that apply)

X Equity Pooled Investment Fund Interests
Debt Tenant-in-Common Securities
Option, Warrant or Other Right to Acquire Another Security Mineral Property Securities
Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
X Yes No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $0 USD

12. Sales Compensation

Recipient
Recipient CRD Number X None
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
Street Address 1 Street Address 2
City State/Province/Country ZIP/Postal Code
State(s) of Solicitation (select all that apply)
Check "All States" or check individual States		 All States
Foreign/non-US

13. Offering and Sales Amounts

Total Offering Amount $29,172,366 USD
or Indefinite
Total Amount Sold $29,172,366 USD
Total Remaining to be Sold $0 USD
or Indefinite

Clarification of Response (if Necessary):

Represents the Merger Consideration for the issuance of 74,800,939 Issuer Common Stock, which was agreed upon in the Agreement and Plan of Merger, dated March 18, 2026.

14. Investors

X
 Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.
24
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:
301

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions $0 USD
Estimate
Finders' Fees $0 USD
Estimate

Clarification of Response (if Necessary):

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$10,150 USD
Estimate

Clarification of Response (if Necessary):

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:
  • Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*
  • Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.
  • Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer Signature Name of Signer Title Date
Datavault AI Inc. Brett Moyer Brett Moyer Chief Financial Officer 2026-08-27

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.

Source: View Original Filing on SEC EDGAR