Scilex uses Datavault AI (NASDAQ: DVLT) in $20M Vivasor credit deal

Rhea-AI Filing Summary

Datavault AI Inc. (DVLT) is the subject of an amended Schedule 13D filing in which Scilex Holding Company reports updated ownership and a new financing arrangement involving its DVLT shares. Scilex now beneficially owns 163,766,229 DVLT common shares, representing 17.2% of the outstanding common stock, based on 949,728,605 shares outstanding as of August 19, 2026.

Scilex entered into a Promissory Note (Revolving Line of Credit) with Vivasor, Inc. on August 8, 2026, providing an uncommitted line of credit of up to $20,000,000 for up to 120 months at 5% annual interest. Drawdowns may be funded in cash, Scilex securities, or DVLT shares held by Scilex. On August 20, 2026, Scilex transferred 50,000,000 DVLT shares to Vivasor as a drawdown at $0.3151 per share, the closing DVLT stock price that day.

Key Figures

Maximum Credit Amount under Vivasor Note: $20,000,000 Maturity of Vivasor Note: 120 months Interest rate on Vivasor borrowings: 5% per annum +5 more

8 metrics

Maximum Credit Amount under Vivasor Note $20,000,000 Uncommitted revolving line of credit provided by Scilex to Vivasor

Maturity of Vivasor Note 120 months Stated maturity from the Effective Date of August 8, 2026

Interest rate on Vivasor borrowings 5% per annum Interest on outstanding principal balance for each drawdown

Shares transferred to Vivasor 50,000,000 shares DVLT common stock transferred on August 20, 2026 as a drawdown

Price per DVLT share in transfer $0.3151 per share Closing DVLT stock price on August 20, 2026 used for the drawdown

Beneficial ownership by Scilex 163,766,229 shares DVLT common shares beneficially owned by Scilex

Ownership percentage 17.2% Portion of DVLT common stock beneficially owned by Scilex

DVLT shares outstanding 949,728,605 shares Outstanding common stock as of August 19, 2026

Key Terms

Schedule 13D, beneficial owner, revolving line of credit, Promissory Note, +1 more

5 terms

Schedule 13D regulatory

"This Amendment No. 5 ("Amendment No. 5") to is being filed"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

beneficial owner regulatory

"The Reporting Person is deemed to be the beneficial owner of 163,766,229"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

revolving line of credit financial

"issued a Promissory Note (Revolving Line of Credit) (the "Vivasor Note")"

A revolving line of credit is a flexible borrowing arrangement that allows a person or business to access funds up to a set limit whenever needed, much like a prepaid card. As money is repaid, it becomes available to borrow again, making it a convenient way to manage cash flow or cover ongoing expenses. Investors pay attention to it because it reflects a company’s ability to access quick funds and manage financial flexibility.

Promissory Note financial

"issued a Promissory Note (Revolving Line of Credit) (the "Vivasor Note")"

A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.

events of default financial

"shall become immediately due and payable upon the occurrence of certain customary events of default"

Events of default are specific breaches or failures listed in a loan, bond, or credit agreement that give lenders the right to act, such as demanding immediate repayment, raising interest rates, or taking secured assets. They matter to investors because triggering one is like setting off a financial alarm: it raises the chance of foreclosure, restructuring, or bankruptcy and can sharply reduce the value of a company’s stock or bonds and increase borrowing costs.

FAQ

How many Datavault AI Inc. (DVLT) shares does Scilex Holding Company now beneficially own?

Scilex Holding Company is deemed to beneficially own 163,766,229 shares of Datavault AI Inc. common stock, representing approximately 17.2% of the issued and outstanding common stock, based on 949,728,605 shares outstanding as of August 19, 2026.

What percentage of Datavault AI Inc. (DVLT) does Scilex Holding Company own after this amendment?

Scilex Holding Company reports beneficial ownership of approximately 17.2% of Datavault AI Inc.’s common stock. This percentage is calculated using 949,728,605 DVLT common shares outstanding as of August 19, 2026, as reported by Datavault AI Inc.

What are the key terms of the Vivasor revolving line of credit described in the DVLT Schedule 13D/A?

Vivasor, Inc. received an uncommitted revolving line of credit of up to $20,000,000 from Scilex, maturing in 120 months. Borrowings bear interest at 5% per annum, and drawdowns may be funded in cash, Scilex securities, DVLT shares held by Scilex, or a combination.

How many Datavault AI Inc. (DVLT) shares were transferred to Vivasor and at what price?

On August 20, 2026, Scilex transferred 50,000,000 shares of Datavault AI Inc. common stock to Vivasor, Inc. as a drawdown under the Promissory Note, at a price per share of $0.3151, which was the closing stock price of DVLT common stock on that date.

What interest rate applies to borrowings under the Vivasor Promissory Note related to DVLT shares?

Borrowings under the Vivasor Promissory Note bear interest at 5% per annum on the outstanding principal balance, with interest accruing on each drawdown from the date such drawdown is funded until repayment or the maturity date.

Is Scilex obligated to fund drawdowns under the Vivasor line of credit tied to DVLT shares?

No. The Promissory Note is described as uncommitted, and Scilex has no obligation to fund any drawdown. Each drawdown will be funded only if, when, and to the extent agreed by Scilex in its sole discretion.

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

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Available on EDGAR 08/24/2026 - 08:14 PM Accepted by SEC EDGAR 08/24/2026 - 08:14 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)

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)

08/20/2026

(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).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 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 163,766,229.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 163,766,229.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

163,766,229.00

12

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

13

Percent of class represented by amount in Row (11)

17.2 %

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 949,728,605 shares of common stock, par value $0.0001 per share ("Common Stock"), of Datavault AI Inc. (the "Issuer") outstanding as of August 19, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed on August 19, 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. 5 ("Amendment No. 5") 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, Amendment No. 3 and Amendment No. 4, the "Schedule 13D"). This Amendment No. 5 amends and supplements the Schedule 13D as specifically set forth herein. Except as specifically provided herein, this Amendment No. 5 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
	Item 4 is hereby amended and supplemented as follows: On August 8, 2026 (the "Effective Date"), Vivasor, Inc. ("Vivasor"), as borrower, issued a Promissory Note (Revolving Line of Credit) (the "Vivasor Note") to the Reporting Person, pursuant to which the Reporting Person established an uncommitted revolving line of credit in favor of Vivasor in a maximum aggregate principal amount of up to $20,000,000 (the "Maximum Credit Amount"). The Vivasor Note has a stated maturity of 120 months from the Effective Date (the "Maturity Date"). The Vivasor Note evidences a revolving line of credit under which Vivasor may, from time to time prior to the Maturity Date, request advances ("Drawdowns") in multiple borrowings, provided that the aggregate outstanding principal balance of all Drawdowns at any time shall not exceed the Maximum Credit Amount. Amounts repaid under the Vivasor Note may be reborrowed, subject to the terms of the Vivasor Note. Notwithstanding the foregoing, the Vivasor Note is uncommitted and the Reporting Person has no obligation to fund any Drawdown; each Drawdown will be funded only if, when and to the extent agreed by the Reporting Person in its sole discretion. Any Drawdown that the Reporting Person agrees to fund may be funded, as determined by the Reporting Person, in (i) cash, (ii) freely tradable securities of the Reporting Person, (iii) shares of Common Stock of the Issuer currently held by the Reporting Person or its subsidiaries, or (iv) any combination of the foregoing. Borrowings under the Vivasor Note bear interest on the outstanding principal balance at a rate of 5% per annum, with interest accruing on each Drawdown from the date such Drawdown is funded. All outstanding principal, together with all accrued and unpaid interest, is due and payable in full on the Maturity Date. Vivasor may prepay the Vivasor Note, in whole or in part, at any time without penalty or premium. The Vivasor Note provides that it shall become immediately due and payable upon the occurrence of certain customary events of default. On August 20, 2026, Scilex transferred 50,000,000 shares of Common Stock to Vivasor as a Drawdown under the Promissory Note, at a price per share of $0.3151, the closing stock price of the Common Stock on August 20, 2026.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 is hereby amended and supplemented as follows: The Reporting Person is deemed to be the beneficial owner of 163,766,229 shares of Common Stock held directly by the Reporting Person, representing approximately 17.2% of the issued and outstanding Common Stock.
(b)	The information contained in rows 7 through 10 on the cover page of this Amendment No. 5 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 during the past sixty days prior to this filing.
(d)	Not applicable.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 is hereby amended and supplemented to incorporate by reference the information set forth in Item 4 above.
Item 7.	Material to be Filed as Exhibits.
	Item 7 is hereby amended and supplemented as follows: Exhibit 2: Promissory Note, dated August 8, 2026, issued by Vivasor, Inc. in favor of Scilex Holding Company.

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:	08/24/2026