Datavault AI (DVLT) holder boosts stake to 40.05% ownership level

Rhea-AI Filing Summary

Scilex Holding Company filed Amendment No. 3 to its Schedule 13D reporting its beneficial ownership in Datavault AI Inc.. Scilex is deemed to beneficially own 229,731,770 shares of Datavault AI common stock, representing approximately 40.05% of the company’s outstanding common shares, based on 573,632,396 shares outstanding as of January 5, 2026.

The filing states Scilex has sole voting and dispositive power over all 229,731,770 shares. It also discloses recent trades in Datavault AI common stock: on January 6, 2026, 6,053,708 shares at an average price of $1.3681; on January 7, 2026, 4,835,581 shares at $1.2013; and on January 8, 2026, 3,824,201 shares at $1.0683.

Insights

Equity ownership and governance analyst

Scilex reports a 40.05% Datavault AI stake with sole voting control.

Scilex Holding Company reports beneficial ownership of 229,731,770 Datavault AI common shares, equal to 40.05% of the outstanding stock based on 573,632,396 shares as of January 5, 2026. The filing indicates sole voting and dispositive power over this entire block, giving Scilex substantial influence over shareholder decisions.

The amendment also details three recent transactions in Datavault AI stock: 6,053,708 shares at an average of $1.3681 on January 6, 2026, 4,835,581 shares at $1.2013 on January 7, 2026, and 3,824,201 shares at $1.0683 on January 8, 2026. These trades show continued activity around the position but do not, by themselves, change the controlling structure described.

The document states that other standard Schedule 13D items such as purpose of transaction and contracts or arrangements are "Not applicable" in this amendment, so the key takeaway is the updated ownership level and confirmation of sole voting and dispositive power, rather than a new strategic action.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

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)

01/06/2026

(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 229,731,770.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 229,731,770.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

229,731,770.00

12

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

13

Percent of class represented by amount in Row (11)

40.05 %

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 $0.0001 per share
(b)	Name of Issuer: DATAVAULT AI INC.
(c)	Address of Issuer's Principal Executive Offices: 15268 NW Greenbrier Pkwy, Beaverton, OREGON , 97006.
Item 1 Comment: This Amendment No. 3 ("Amendment No. 3) to Schedule 13D is being filed by Scilex Holding Company, a Delaware corporation ("SHC" or the "Reporting Person"), to amend the Schedule 13D originally filed with the Securities and Exchange Commission ("SEC") by the Reporting Person on October 2, 2025 (as previously amended by Amendment No. 1 and Amendment No. 2, the "Schedule 13D"). This Amendment No. 3 amends and supplements the Schedule 13D as specifically set forth herein. Except as specifically provided herein, this Amendment No. 3 does not modify any of the information previously reported in the Schedule 13D. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.
Item 2.	Identity and Background
(a)	Not applicable.
(b)	Not applicable.
(c)	Not applicable.
(d)	Not applicable.
(e)	Not applicable.
(f)	Not applicable.
Item 3.	Source and Amount of Funds or Other Consideration
	Not applicable.
Item 4.	Purpose of Transaction
	Not applicable.
Item 5.	Interest in Securities of the Issuer
(a)	The Reporting Person is deemed to be the beneficial owner of 229,731,770 shares of Common Stock held directly by the Reporting Person, representing approximately 40.05% of the issued and outstanding Common Stock.
(b)	The information contained in rows 7 through 10 on the cover page of this Amendment No. 3 for the Reporting Person is incorporated herein by reference in its entirety.
(c)	Except as disclosed herein, the Reporting Person has not effected transactions in the Common Stock since the date of the filing of the Amendment No. 2 to Schedule 13D. Date of Transaction Amount of Common Stock Average Price per Shares ($) 1/06/2026 6,053,708 1.3681 1/07/2026 4,835,581 1.2013 1/08/2026 3,824,201 1.0683
(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/ Henry Ji
Name/Title:	Henry Ji, Chief Executive Officer and President
Date:	01/08/2026

FAQ

What ownership stake in Datavault AI (DVLT) does Scilex report in this filing?

Scilex Holding Company reports beneficial ownership of 229,731,770 shares of Datavault AI common stock, representing approximately 40.05% of the outstanding common shares based on 573,632,396 shares outstanding as of January 5, 2026.

Does Scilex have voting control over its Datavault AI (DVLT) shares?

Yes. The filing states Scilex has sole voting power and sole dispositive power over all 229,731,770 Datavault AI shares it beneficially owns, with no shared voting or dispositive power.

What recent Datavault AI (DVLT) stock transactions by Scilex are disclosed?

The filing lists three transactions: on January 6, 2026, 6,053,708 shares at an average price of $1.3681; on January 7, 2026, 4,835,581 shares at $1.2013; and on January 8, 2026, 3,824,201 shares at $1.0683.

What type of SEC document is this Datavault AI (DVLT) filing?

This document is Amendment No. 3 to a Schedule 13D, which updates Scilex Holding Company’s disclosure of its beneficial ownership and recent transactions in Datavault AI common stock.

Where is Datavault AI Inc. headquartered according to this filing?

Datavault AI Inc.’s principal executive offices are listed as 15268 NW Greenbrier Pkwy, Beaverton, Oregon, 97006.

Who signed this Datavault AI (DVLT) Schedule 13D/A amendment for Scilex?

The statement is signed by Henry Ji, identified as Chief Executive Officer and President, dated January 8, 2026.