Scilex boosts Datavault AI Inc. (DVLT) stake to 37.27% of common stock

Rhea-AI Filing Summary

Scilex Holding Company filed Amendment No. 4 to its Schedule 13D on Datavault AI Inc., updating its reported ownership of the company’s common stock.

Scilex is deemed to beneficially own 213,766,229 Datavault AI common shares, representing 37.27% of the class, based on 573,632,396 shares outstanding as of January 5, 2026. Scilex reports sole voting and sole dispositive power over all of these shares.

The amendment also discloses recent open-market purchases of Datavault AI common stock, including 10,674,816 shares at an average price of $0.878 on January 12, 2026, 175,139 shares at $0.9117 on January 13, 2026, and 5,115,586 shares at $0.7201 on January 14, 2026.

Insights

Equity ownership and governance analyst

Scilex confirms a large 37.27% Datavault AI stake with sole control.

Scilex Holding Company reports beneficial ownership of 213,766,229 Datavault AI common shares, equal to 37.27% of the company’s outstanding stock as of January 5, 2026. It has sole voting and sole dispositive power over this entire block, indicating a single, concentrated holder rather than a dispersed group.

The amendment lists several January 2026 purchases, including 10,674,816 shares at an average price of $0.878, suggesting recent incremental accumulation. However, the filing leaves the “purpose of transaction” and related items marked not applicable, so it does not indicate any specific strategic plans or contemplated corporate actions tied to this position.

For investors, the key takeaway is that a Delaware corporation, Scilex, continues to hold a substantial, clearly disclosed minority stake in Datavault AI with sole control rights over those shares. Subsequent ownership updates, if any, would be expected through future beneficial ownership filings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

DATAVAULT AI INC.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

86633R609

(CUSIP Number)

Henry Ji
960 San Antonio Rd,
Palo Alto, CA, 94303
(650) 516-4310

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

01/12/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 86633R609

1

Name of reporting person

Scilex Holding Company

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 213,766,229.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 213,766,229.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

213,766,229.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

37.27 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Note to Row 13: Percent of class beneficially owned is calculated based on 573,632,396 shares of common stock, par value $0.0001 per share ("Common Stock"), of Datavault AI Inc. (the "Issuer") outstanding as of January 5, 2026.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.0001 per share
(b)	Name of Issuer: DATAVAULT AI INC.
(c)	Address of Issuer's Principal Executive Offices: 15268 NW Greenbrier Pkwy, Beaverton, OREGON , 97006.
Item 1 Comment: This Amendment No. 4 ("Amendment No. 4") to Schedule 13D is being filed by Scilex Holding Company, a Delaware corporation ("SHC" or the "Reporting Person"), to amend the Schedule 13D originally filed with the Securities and Exchange Commission ("SEC") by the Reporting Person on October 2, 2025 (as previously amended by Amendment No. 1, Amendment No. 2 and Amendment No. 3, the "Schedule 13D"). This Amendment No. 4 amends and supplements the Schedule 13D as specifically set forth herein. Except as specifically provided herein, this Amendment No. 4 does not modify any of the information previously reported in the Schedule 13D. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.
Item 2.	Identity and Background
(a)	Not applicable.
(b)	Not applicable.
(c)	Not applicable.
(d)	Not applicable.
(e)	Not applicable.
(f)	Not applicable.
Item 3.	Source and Amount of Funds or Other Consideration
	Not applicable.
Item 4.	Purpose of Transaction
	Not applicable.
Item 5.	Interest in Securities of the Issuer
(a)	The Reporting Person is deemed to be the beneficial owner of 213,766,229 shares of Common Stock held directly by the Reporting Person, representing approximately 37.27% of the issued and outstanding Common Stock.
(b)	The information contained in rows 7 through 10 on the cover page of this Amendment No. 4 for the Reporting Person is incorporated herein by reference in its entirety.
(c)	Except as disclosed herein, the Reporting Person has not effected transactions in the Common Stock since the date of the filing of the Amendment No. 3 to Schedule 13D. Date of Transaction Amount of Common Stock Average Price per Shares ($) 1/12/2026 10,674,816 0.878 1/13/2026 175,139 0.9117 1/14/2026 5,115,586 0.7201
(d)	Not applicable.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Scilex Holding Company

Signature:	/s/ Stephen Ma
Name/Title:	Stephen Ma, Chief Financial Officer, Chief Operating Officer, and Secretary
Date:	01/14/2026

FAQ

How much of Datavault AI Inc. (DVLT) does Scilex Holding Company currently report owning?

Scilex Holding Company reports beneficial ownership of 213,766,229 shares of Datavault AI Inc. common stock, representing approximately 37.27% of the issued and outstanding common stock based on 573,632,396 shares outstanding as of January 5, 2026.

What type of control does Scilex have over its Datavault AI (DVLT) shares?

Scilex Holding Company reports sole voting power and sole dispositive power over all 213,766,229 Datavault AI shares it beneficially owns, with no shared voting or dispositive power disclosed.

What recent Datavault AI (DVLT) stock transactions are disclosed in this Schedule 13D/A amendment?

The amendment lists three recent purchases of Datavault AI common stock by the reporting person: 10,674,816 shares at an average price of $0.878 on January 12, 2026, 175,139 shares at $0.9117 on January 13, 2026, and 5,115,586 shares at $0.7201 on January 14, 2026.

Does Scilex state any specific plans or purposes for its Datavault AI (DVLT) stake in this filing?

No specific plans are outlined in the items addressing transaction purpose; Item 4 (Purpose of Transaction) is marked not applicable, and other related items in the identity and background section are also listed as not applicable.

What is the source of funds for Scilex’s Datavault AI (DVLT) holdings according to the filing?

The source of funds is identified with the code "OO" (other) on the cover page, indicating that the holdings did not come from standard categories like personal funds or bank borrowings.

Who signed this Datavault AI (DVLT) Schedule 13D/A Amendment No. 4 on behalf of Scilex?

The amendment is signed by Stephen Ma, identified as Chief Financial Officer, Chief Operating Officer, and Secretary of Scilex Holding Company, dated January 14, 2026.