DataMEDS AI, Inc. (MEDS) details Dream Bowl Meme Coin distribution and risks
Rhea-AI Filing Summary
DataMEDS AI, Inc. reports that Datavault AI Inc. plans a voluntary one-time distribution of Dream Bowl Meme Coin digital tokens to holders of DataMEDS common stock. Record holders as of the close of business on August 7, 2026 are eligible, with Datavault’s board retaining the right to move this date later.
Each eligible share of DataMEDS common stock corresponds to 50 Dream Bowl Meme Coins, to be delivered beginning on September 9, 2026, subject to Datavault’s board being able to change that date or revoke the distribution entirely. To receive tokens, holders must open a Datavault digital wallet and execute an Opt-In Agreement via the distribution website. Datavault states a fair market value of $0.01 per Meme Coin as of August 7, 2026, notes that the tokens are intended as non-investment digital collectibles, and highlights extensive risk factors around volatility, regulatory uncertainty, security, liquidity and tax treatment, including that the distribution may be treated as an in-kind dividend for tax purposes.
Positive
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Negative
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Filing Explained
The key holder consequence is an irrevocable election with potentially taxable in-kind treatment; the filing package also conflicts on the event year.
For the announced token distribution, the filing states that a holder’s election becomes irrevocable when submitted, even though receipt remains conditional on wallet setup, the agreement, and Datavault’s pre-payment rights to change the date or revoke the distribution.
The FAQ adds a specific tax mechanism: the in-kind distribution may be reported as a dividend to the extent of current and accumulated earnings and profits; excess may reduce a holder’s tax basis, and any amount beyond that basis may be gain.
The filing package uses inconsistent event-year labels: the 8-K describes Dream Bowl 2026 tokens, while Exhibit 99.3 repeatedly calls them Dream Bowl 2027 tokens, leaving the event year unresolved in the supplied materials.
8-K Event Classification
Key Figures
Key Terms
Record Date financial
Payment Date financial
in-kind distribution financial
digital wallet technical
Information Data Exchange technical
street name financial
Earnings Snapshot
FAQ
What is DataMEDS (MEDS) disclosing about the Dream Bowl Meme Coin distribution?
What value and tax treatment does Datavault describe for the Meme Coins to MEDS holders?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principal executive offices, including zip code)
Registrant’s
telephone number, including area code:
(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 | ||
| The
|
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 8.01. Other Events.
As previously announced by Data MEDS AI, Inc. (the “Company”) and Datavault AI Inc., a Delaware corporation (“Datavault”), Datavault will be making a voluntary one-time distribution (the “Distribution”) of Dream Bowl 2026 Meme Coin tokens (such tokens, the “Meme Coins”) to the record holders of DataMEDS common stock, par value $0.0001 per share (such stock, the “DataMEDS Common Stock” and such record holders, the “Record Holders”) as of the close of business on August 7, 2026 (such date, subject to the right of Datavault’s board of directors (the “Datavault Board”) to change to a later date, the “Record Date”) as a token of appreciation for DataMEDS’s relationship with Datavault as a licensing partner.
The Distribution will be (i) made on the basis of fifty (50) Dream Bowl 2026 Meme Coins for each one (1) share of DataMEDS Common Stock held by such Record Holders on the Record Date and (ii) paid beginning on September 9, 2026 (or such other date as determined by the Board, the “Payment Date”), subject to the satisfaction of the Payment Conditions (as defined below) by the applicable Record Holder.
Record Holders are entitled to participate in the Distribution and receive Meme Coins subject to satisfying the following conditions (the “Payment Conditions”):
| (i) | setting up a digital wallet with Datavault; and | |
| (ii) | completing, executing and submitting an opt-in agreement (the “Opt-In Agreement”), in which, among other things, you will be required to provide a valid and accurate Datavault digital wallet address for Datavault to deposit the Meme Coins. |
You must initiate the process of electing to receive your portion of the Distribution by setting up your digital wallet with Datavault and completing the Opt-In Agreement by navigating to http://www.dreambowlcoin.com/ (the “Distribution Website”) hosted by Datavault’s Information Agent, Alliance Advisors.
On the Distribution Website, you will find, among other information, the following (collectively, with this letter, the “Distribution Materials”):
| (i) | An FAQ regarding the Distribution. | |
| (ii) | Instructions for setting up a digital wallet with Datavault. | |
| (iii) | A form of Opt-In Agreement to be completed and executed by you and submitted to the Information Agent by uploading the completed and executed agreement via a secure link on the Distribution Website under the field “Upload Your Opt-In Agreement”. |
Commencing on August 17, 2026, the Information Agent will mail to the Record Holders a letter describing the Distribution and informing such holders about the process of electing to receive their respective portion of the Distribution (the “Information Letter”). However, if any Record Holder holds its shares of Common Stock in an account at a brokerage firm, bank, dealer or other similar organization, then such holder holds their shares in “street name” and the organization holding such account should receive the Information Letter from the Company and will be responsible for further distributing the Information Letter to such holders. The Information Letter instructs Record Holders that they must elect to receive their respective portion of the Distribution and by accessing the Distribution Website at http://www.dreambowlcoin.com/.
You can also scan the below QR Code to visit the Distribution Website where you can view and download the above-referenced Distribution Materials, set up a digital wallet with Datavault, and print, complete and submit your Opt-In Agreement. No vote is required by you to receive the Distribution, and you will not be required to pay anything to Datavault for the receipt of the Meme Coins in the Distribution. However, as a condition to the receipt of the Distribution, you must satisfy the Payment Conditions set forth above.
You should also carefully review the FAQs on the Distribution Website and the risks and uncertainties described under the heading “Risk Factors” in the Opt-In Agreement. You should consult your own legal counsel regarding the terms of the Opt-In Agreement and your own tax advisor as to the particular tax consequences of the Distribution, including potential tax consequences under state, local, and non-U.S. tax laws.
The foregoing summary of the Dividend and the above referenced materials does not purport to be complete and is qualified in its entirety by reference to the full text of the (i) form of information letter distributed to Record Holders, (ii) form of Opt-In Agreement for Record Holders and (iii) frequently asked questions regarding the Dividend, copies of which are filed herewith as Exhibits 99.1, 99.2 and 99.3, respectively.
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 of 1933, as amended, Section 21E of Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws) about DataMEDS AI, Inc. (“MEDS,” 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.
Such forward-looking statements, including, but not limited to, statements regarding our declaration and/or payment of dividends, our expectations regarding the terms and/or timing of the Dividend (including that the Board may change the Record Date and/or the Payment Date and may revoke the Dividend entirely), and whether we will proceed with the Dividend, are necessarily based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. 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 future dividends will be declared, and the payment of any dividend is expressly conditioned on the Board not revoking any or all dividends before its payment date. Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: risks related to legal proceedings that may be instituted against the Company regarding the Dividend; risks associated with the right of the Board to change the Record Date and/or the Payment Date, and/or to revoke the Dividend prior to the Payment Date; changes in economic, market or regulatory conditions; risks relating to evolving regulatory frameworks applicable to tokenized assets; and other risks and uncertainties as more fully described in the Company’s filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2025 and other filings that the Company 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. The Company 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. The Company 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. The Company’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 No. | Description of Exhibit | |
| 99.1 | Form of Information Letter Distributed to Record Holders | |
| 99.2 | Form of Opt-In Agreement for Record Holders | |
| 99.3 | Frequently Asked Questions regarding the Dream Bowl Token | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
| Date: August 14, 2026 | DATAMEDS AI, INC. | |
| By: | /s/ Prashant Patel | |
| Prashant Patel, President | ||
Exhibit 99.1
Dear Holders of DataMEDS Holding Company Common Stock:
This letter is being furnished to you as a stockholder of DataMEDS Holding Company, a Delaware corporation (“DataMEDS”). As previously announced by DataMEDS and Datavault AI Inc., a Delaware corporation (“Datavault”), Datavault will be making a voluntary one-time distribution (the “Distribution”) of Dream Bowl 2026 Meme Coin tokens (such tokens, the “Meme Coins”) to the record holders of DataMEDS common stock, par value $0.0001 per share (such stock, the “DataMEDS Common Stock” and such record holders, the “Record Holders”) as of the close of business on August 7, 2026 (such date, subject to the right of Datavault’s board of directors (the “Datavault Board”) to change to a later date, the “Record Date”) as a token of appreciation for DataMEDS’s relationship with Datavault as a licensing partner.
The Distribution will be (i) made on the basis of fifty Meme Coins for each share of DataMEDS Common Stock held by such Record Holders on the Record Date and (ii) paid beginning on September 9, 2026 (or such other date as determined by the Datavault Board, the “Payment Date”), subject to the satisfaction of the Payment Conditions (as defined below) by the applicable Record Holder.
As a Record Holder, you are entitled to participate in the Distribution and receive Meme Coin(s), subject to your satisfying the following conditions (the “Payment Conditions”):
| (i) | setting up a digital wallet with Datavault; and |
| (ii) | completing, executing and submitting an opt-in agreement (the “Opt-In Agreement”), in which, among other things, you will be required to provide a valid and accurate Datavault digital wallet address for Datavault to deposit the Meme Coins. |
You must initiate the process of electing to receive your portion of the Distribution by setting up your digital wallet with Datavault and completing the Opt-In Agreement by navigating to http://www.dreambowlcoin.com/ (the “Distribution Website”) hosted by Datavault’s Information Agent, Alliance Advisors.
On the Distribution Website, you will find, among other information, the following (collectively, with this letter, the “Distribution Materials”):
| (i) | An FAQ regarding the Distribution. |
| (ii) | Instructions for setting up a digital wallet with Datavault. |
| (iii) | A form of Opt-In Agreement to be completed and executed by you and submitted to the Information Agent by uploading the completed and executed agreement via a secure link on the Distribution Website under the field “Upload Your Opt-In Agreement”. |
You can also scan the below QR Code to visit the Distribution Website where you can view and download the above-referenced Distribution Materials, set up a digital wallet with Datavault, and print, complete and submit your Opt-In Agreement. No vote is required by you to receive the Distribution, and you will not be required to pay anything to Datavault for the receipt of the Meme Coins in the Distribution. However, as a condition to the receipt of the Distribution, you must satisfy the Payment Conditions set forth above.
You should also carefully review the FAQs on the Distribution Website and the risks and uncertainties described under the heading “Risk Factors” in the Opt-In Agreement. You should consult your own legal counsel regarding the terms of the Opt-In Agreement and your own tax advisor as to the particular tax consequences of the Distribution, including potential tax consequences under state, local, and non-U.S. tax laws.
Neither the Securities and Exchange Commission, nor any state securities commission has approved or disapproved the Distribution or determined if the information set forth in this letter and its enclosures is truthful or complete. This letter and its enclosures do not constitute an offer to sell or the solicitation of an offer to buy any securities.
| -1- |
This letter, which we are mailing to all Record Holders as of the close of business on the Record Date, and the other Distribution Materials, which can be found on the Distribution Website referenced above, describe the Distribution and refer you to important information about how to participate in the Distribution. We urge you to access the Distribution Website and read these Distribution Materials carefully.
If you have any questions about participating in the Distribution, please visit the Distribution Website at http://www.dreambowlcoin.com/ or contact Datavault’s Information Agent, Alliance Advisors, by phone or email at 1-866-206-8174 (or 1-551-368-0038 for international holders) or MEDS@allianceadvisors.com.
Thank you,
| /s/ Gerald Commissiong | |
| Co-Chief Executive Officer |
| SCAN THIS QR CODE FOR ACCESS TO THE DISTRIBUTION WEBSITE: |  |
| -2- |
Exhibit 99.2
Form of Datavault AI Inc. Opt-In Agreement
The undersigned (“me” or “I”) understands that Datavault AI Inc., a Delaware corporation (“Datavault”), will be making a voluntary one-time distribution (the “Distribution”) of Dream Bowl 2026 Meme Coin tokens (such tokens, the “Meme Coins”) to the record holders of DataMEDS AI, Inc. (“DataMEDS”) common stock, par value $0.0001 per share (such stock, the “DataMEDS Common Stock” and such record holders, the “Record Holders”) as of the close of business on August 7, 2026 (such date, subject to the right of Datavault’s board of directors (the “Datavault Board”) to change to a later date, the “Record Date”), as a token of appreciation for DataMED’s relationship with Datavault as a licensing partner.
The Distribution will be (i) made on the basis of fifty Meme Coins for each share of DataMEDS Common Stock held by such Record Holders on the Record Date and (ii) paid beginning on September 9, 2026 (or such other date as determined by Datavault’s board of directors, the “Payment Date”), subject to the satisfaction of the Payment Conditions (as defined below) by the applicable Record Holder.
The fair market value per Meme Coin is $0.01, as of August 7, 2026 (the “Valuation Date”), based on Biconomy.com price at 4:00 pm on such date .
By signing below, I hereby acknowledge and agree that:
| (1) | Payment of the Distribution is subject to the right of the Datavault Board to revoke the Distribution before the Payment Date, and if the Datavault Board exercises such right, then I will not receive the Distribution. |
| (2) | Payment of the Distribution is conditioned on my (a) setting up a digital wallet with Datavault into which Meme Coins can be delivered on or after the Payment Date; and (b) electing to receive the Distribution by completing, duly executing, and submitting this Opt-In Agreement (this “Agreement”) to Alliance Advisors, Datavault’s information agent (the “Information Agent”), in which, among other things, I will be required to provide a valid and accurate Datavault digital wallet address for Datavault to transfer the Meme Coins (collectively, the “Payment Conditions”). |
| (3) | If I do not hold my shares of DataMEDS Common Stock in my name, but rather in an account at a brokerage firm, bank, dealer or other similar organization (any such entity, the “Nominee”), then I further acknowledge and agree that (a) I am a beneficial owner of shares held in “street name” and the Nominee holding my account is considered the stockholder of record, or the Record Holder, for purposes of the Distribution, and (b) if Datavault is unable to verify the number of shares of DataMEDS Common Stock held by me as set forth below because my shares are held in “street name” through Cede & Co. or other intermediary, (i) Datavault may require that I provide additional documentation to verify such number of shares, including that I may be required to deliver to the Information Agent a copy of my brokerage statement as of the Record Date or other certification regarding my holdings of DataMEDS Common Stock as of the Record Date and any failure to provide such additional documentation to verify the number of shares of DataMEDS Common Stock held by me with such Nominee as set forth below will result in me not receiving my portion of the Distribution until such time as the number of shares that I hold with such Nominee can be verified by the Information Agent, (ii) I authorize Datavault and the Information Agent to contact my Nominee (whose contact details I have provided below) for purposes of verifying my holdings of such stock, and such Nominee is hereby authorized to provide such information to Datavault and the Information Agent, and (iii) I will, to the fullest extent permitted by law, indemnify and hold Datavault and its directors, officers, stockholders, members, partners, employees and agents (each, an “Indemnified Person”) harmless from any and all losses, liabilities, obligations, claims, contingencies, damages, costs and reasonable expenses, including all judgments, amounts paid in settlements, court costs and reasonable attorneys’ fees and costs of investigation that any such Indemnified Person may suffer or incur as a result of or directly relating to (A) any breach of any of the representations, warranties, covenants or agreements made by me in this Agreement or (B) otherwise in connection with the information I have provided herein, including the number of shares of DataMEDS Common Stock set forth below. |
| (4) | The Distribution is an in-kind distribution that may be a dividend (to the extent of DataMEDS’s current and accumulated earnings and profits (“E&P”)). Any amount in excess of E&P would reduce a Record Holder’s tax basis in its DataMEDS Common Stock, and any amount in excess of that basis should constitute gain. DataMEDS may elect to treat the entire amount as a dividend or may elect to report it in another manner as it decides is appropriate in consultation with DataMEDS’s tax preparers. I agree (and will be required absent disclosure to the Internal Revenue Service (“IRS”) and other tax authorities) to report such amounts in the same manner as DataMEDS. |
| (5) | I will comply with my tax reporting obligations with respect to the Meme Coins in accordance with the terms of this Agreement. |
| (6) | I have read Datavault’s Current Report on Form 8-K filed with the Securities and Exchange Commission August 14, 2026 and understand the process to obtain the Distribution. |
| (7) | Any fees charged by my Nominee in connection with the Distribution will be my sole responsibility. |
| (8) | Failure to provide a valid Datavault digital wallet address or providing an inaccurate Datavault digital wallet address to Datavault will result in me losing my rights to the Distribution. |
| (9) | Following Datavault’s initial deposit of my Meme Coins into my Datavault digital wallet, any fees charged to transfer any Meme Coins will be my responsibility, including any transaction fees for trading my Meme Coins after such coins have been deposited in my digital wallet. |
| (10) | The value of the Meme Coins may change between the Valuation Date and the Payment Date and may also change after the Payment Date; I accept the risk of such changes, and Datavault will not be responsible for any decrease in the value of the Meme Coins at any time, including if such Meme Coins are worthless. |
| (11) | The Meme Coin is a digital collectible intended solely for personal, non-commercial use in connection with Dreamt Bowl 2027. The Meme Coin does not: (a) represent or confer any equity, voting, dividend, profit-sharing, or ownership rights in Datavault or any other entity; (b) provide any right to receive monetary payments, distributions, or appreciation; or (c) create any expectation of profit or reliance on the managerial or entrepreneurial efforts of Datavault or others. The Meme Coin is not designed or intended to function as an investment, currency, or financial product, and it is not being offered, sold, or distributed for fundraising or capital-raising purposes. Use of the Meme Coin is limited to entertainment, event-access, and digital-collectible functions. Any transferability features are provided solely to support personal digital item portability and not to facilitate or imply investment or speculative use. |
This Agreement documents my irrevocable election (“Election”) to satisfy the Payment Conditions, comply with the terms and conditions as set forth in this Agreement, including with respect to my tax reporting obligations, and receive payment of the Distribution. I acknowledge and agree that by submitting my signature on this Agreement in a “.pdf” format data file or other digital format, such signature shall create a valid and binding obligation on me (or, if signing for an entity, the entity on whose behalf such signature is executed) with the same force and effect as if such “.pdf” or other digital signature page were an original thereof.
| 2 |
I hereby represent that:
| (1) | The information below is accurate and complete. |
| (2) | I have read this Agreement in its entirety and understand the risks (which, in part, are described below under “Risk Factors”) and terms and conditions of this Agreement. |
| (3) | (A) If an entity, I am duly organized, validly existing, and in good standing under the laws of the jurisdiction of my organization, (B) I have all requisite power and authority or legal capacity to enter into this Agreement and perform my obligations hereunder, and (C) my execution and delivery of this Agreement have been duly authorized by all necessary action, as applicable. |
| (4) | I have been advised, and have had the opportunity, to consult with my own legal and tax advisors to be able to evaluate my election to receive the Distribution and execute this Agreement, and I have evaluated the legal, tax and other consequences of the Distribution and my execution of this Agreement. |
Name or entity name your shares are registered under: |
|
| If entity, name and title of authorized signer: | |
Address: |
|
| (address on file with the Nominee, the Transfer Agent (as defined below) or Datavault) | |
| Phone Number: | |
| Email: | |
| Number of shares of DataMEDS Common Stock:1 |
1 Stockholder of Record: Shares Registered in Your Name. If at the close of business on the Record Date, your shares of DataMEDS Common Stock were registered directly in your name with Colonial Stock Transfer Company, DataMEDS’s transfer agent (the “Transfer Agent”), then you are the stockholder of record for such shares and a Record Holder and you will be eligible to receive the Distribution, subject to the terms of this Agreement, including the satisfaction of the Payment Conditions. If there is any conflict between the amount of shares of DataMEDS Common Stock stated herein and the records of the Transfer Agent, then the Transfer Agent’s records shall prevail in accordance with the terms and conditions of this Agreement.
Beneficial Owner: Shares Registered in the Name of a Nominee. If at the close of business on the Record Date, your shares of DataMEDS Common Stock were held, not in your name, but rather at a brokerage firm, bank, dealer or other similar organization (i.e., with a Nominee), then you are a beneficial owner of shares held in “street name”, and such Nominee is considered the stockholder of record, or the Record Holder, such Nominee should have distributed to you a letter from Datavault informing you that you will be eligible to receive the Distribution, subject to the terms of this Agreement, including the satisfaction of the Payment Conditions and delivery of any additional information necessary to confirm your holdings of DataMEDS Common Stock as described elsewhere in this Agreement. As noted elsewhere in this Agreement, if Datavault is unable to verify the number of shares of DataMEDS Common Stock that you hold with such Nominee as set forth in the column to the right, no Meme Coins will be distributed to you until such time as your share information can be verified by the Information Agent.
| 3 |
Please provide the applicable information:
| My shares are already on the books and records of the Transfer Agent | Yes | |||
| No |
| My shares are held in an account at a brokerage firm, bank, dealer or other similar organization and such Nominee’s contact information is as follows: | Name of Nominee: __________________________ Phone No.: ________________________________ | |
| Email: ____________________________________ | ||
Datavault Wallet Address: |
||
| Confirm Datavault Wallet Address: |
(Meme Coin transactions are irreversible; it is advised that you cut and paste your digital wallet address into this field)
RISK FACTORS
Prior to making any decision regarding your execution of this Agreement and acceptance of Dream Bowl 2027 Meme Coin tokens (such tokens, the “Meme Coins”), you should carefully consider the following Risk Factors. If any of the events discussed in the Risk Factors occur, the value of the Meme Coins you receive could be adversely affected.
The value of the Meme Coins may increase or decrease between the Record Date and the Payment Date and/or at any time following the Payment Date. The value of such coins may also be highly volatile.
The Distribution will be in the form of a digital asset, the Meme Coin. If the value of the Meme Coins decreases between the Record Date and the Payment Date, participating holders may receive less value than initially expected by those who elected to receive the Distribution. Additionally, the value of the Meme Coin may decrease after the Payment Date. Once you have made the Election, it is irrevocable. Datavault will not be responsible for any decrease in the value of the Meme Coins.
In addition, digital assets, such as the Meme Coin, generally are highly volatile assets and do not pay interest or other returns, and so the ability to generate a return on the Meme Coins will depend on whether there is appreciation in the value of digital assets.
The irreversibility of digital asset transactions exposes you to risks of theft, loss and human error, which could negatively impact your rights to the Distribution.
Once a transaction has been verified and recorded in a block that is added to the blockchain, an incorrect transfer of digital assets or a theft of digital assets generally will not be reversible, and you may not be capable of seeking compensation for any such transfer or theft. If you provide Datavault with the wrong wallet address (which is a valid address), the owner of such wallet address will receive the benefit of your Meme Coin Distribution, and you will receive nothing. Datavault will be unable to revert or otherwise recover the impacted digital assets and will not be responsible for any loss. If you provide Datavault with an invalid wallet address and the transfer is rejected by the Datavault network, Datavault may, at its option, refuse or reasonably delay payment of the Distribution. You are encouraged to confirm your wallet address prior to submitting your Election.
| 4 |
Meme Coins and other digital assets are novel assets and are subject to significant legal, commercial, regulatory and technical uncertainty.
The Meme Coins and other digital assets are relatively novel and are subject to significant legal, commercial, regulatory and technical uncertainty, which could adversely impact their price. The application of state and federal securities laws and other laws and regulations to digital assets is unclear in certain respects, and it is possible that regulators in the United States or foreign countries may interpret or apply existing laws and regulations in a manner that adversely affects the price of the Meme Coin. Regulators in the United States or foreign countries may also enact new laws and regulations, or pursue regulatory, legislative, enforcement or judicial actions, that could materially impact the price of the Meme Coins or the ability of individuals or institutions to own or transfer Meme Coins.
The growth of the digital assets industry in general, and the use and acceptance of the Meme Coin in particular, may also impact the price of the Meme Coins and is subject to a high degree of uncertainty. The pace of worldwide growth in the adoption and use of the Meme Coin may depend, for instance, on public familiarity with digital assets, ease of buying, accessing or gaining exposure to the Meme Coin, institutional demand for the Meme Coin as an investment asset, the participation of traditional financial institutions in the digital assets industry, consumer demand for the Meme Coin as a means of payment, and the availability and popularity of alternatives to the Meme Coin. Even if growth in Meme Coin adoption occurs in the near or medium term, there is no assurance that Meme Coin usage will continue to grow over the long term.
Because the Meme Coin has no physical existence beyond the record of transactions on the Meme Coin blockchain, a variety of technical factors related to the Meme Coin blockchain could also impact the price of Meme Coins. The liquidity of the Meme Coins may also be reduced, and damage to the public perception of the Meme Coin may occur, if financial institutions were to deny or limit banking services to businesses that hold the Meme Coins, provide Meme Coin-related services or accept the Meme Coin as payment, which could also decrease the price of the Meme Coins.
The liquidity of the Meme Coin may also be impacted to the extent that changes in applicable laws and regulatory requirements negatively impact the ability of exchanges and trading venues to provide services for the Meme Coin.
The lack of legal recourse and insurance for digital assets increases the risk of total loss in the event of theft or destruction.
Digital assets, including the Meme Coins, will generally not be insured against theft, loss or destruction. If an event occurs where you lose your Meme Coins, whether due to cyberattacks, fraud or other malicious activities, you may not have any viable legal recourse or ability to recover the lost assets. Unlike funds held in insured banking institutions, digital assets are not protected by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation. If your digital assets, including Meme Coins, are lost under circumstances that render another party liable, there is no guarantee that the responsible party will have the financial resources to compensate you. As a result, you could face financial losses.
Cryptocurrency holdings are less liquid than cash and cash equivalents and may not be able to serve as a source of liquidity for you to the same extent as cash and cash equivalents.
Historically, the crypto markets have been characterized by significant volatility in price, limited liquidity and trading volumes compared to sovereign currencies markets, relative anonymity, a developing regulatory landscape, potential susceptibility to market abuse and manipulation, compliance and internal control failures at exchanges, and various other risks inherent in its entirely electronic, virtual form and decentralized network. During times of market instability, you may not be able to sell your cryptocurrency at favorable prices or at all.
Further, cryptocurrency, such as the Meme Coin, does not enjoy the same protections as are available to cash or securities deposited with or transacted by institutions subject to regulation by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation. You could be unable to sell Meme Coins or have to sell Meme Coins at a significant loss.
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Meme Coins do not pay interest or dividends.
Meme Coins do not pay interest or other returns, and you may only be able to generate cash from Meme Coins if you sell your Meme Coins or implement strategies to create income streams or otherwise generate cash by using your Meme Coin holdings. Even if you pursue any such strategies, you may be unable to create income streams or otherwise generate cash from Meme Coins, and any such strategies may subject you to additional risks.
If we or our third-party service providers experience a security breach or cyberattack and unauthorized parties obtain access to your Meme Coins, or if your private keys are lost or destroyed or other similar circumstances or events occur, you may lose some or all of your Meme Coins.
Security breaches and cyberattacks are of particular concern with respect to cryptocurrency, including Meme Coins. Blockchain-based cryptocurrencies and the entities that provide services to participants in the cryptocurrency ecosystem have been, and may in the future be, subject to security breaches, cyberattacks, or other malicious activities. A successful security breach or cyberattack could result in a partial or total loss of your cryptocurrency in a manner that may not be covered by insurance or the liability provisions of the custody agreements with the custodians who hold your cryptocurrency.
I understand that there may be legal and tax consequences from the Election, execution of the Opt-In Agreement and receipt of the Distribution. Datavault encourages all Record Holders to seek legal and tax advice from qualified legal counsel and a tax professional before deciding to make the Election, execute this Agreement and receive the Distribution.
We encourage any Record Holder that has questions concerning the Election process to contact Alliance Advisors, our Information Agent, at 1-866-206-8174 (or 1-551-368-0038 for international holders) or MEDS@allianceadvisors.com. This Agreement may be executed and submitted to the Information Agent only via www.dreambowlcoin.com. Any Agreement that is mailed, faxed, or emailed to any representative of Datavault or to the Information Agent will not be accepted.
I hereby make my irrevocable Election to accept the Distribution, subject to the foregoing terms and conditions.
| Dated: | ||||
| IF AN ENTITY: | IF AN INDIVIDUAL: | |||
| Signature: | Signature: | |||
| Name: | Name: | |||
| Title: | ||||
| Entity: | ||||
[signature page to Opt-In Agreement]
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Exhibit 99.3
DATAVAULT AI INC.
FREQUENTLY ASKED QUESTIONS
REGARDING THE DISTRIBUTION OF DREAM BOWL 2027 MEME COINS BY DATAVAULT AI INC. TO COMMON STOCKHOLDERS OF DATAMEDS AI, INC
| Q: | Is Datavault distributing Meme Coins to Holders of Common Stock of DataMEDS AI, Inc.? |
| A: | Yes. Datavault is voluntarily distributing (the “Distribution”) Meme Coins to record holders of Data MEDS AI, Inc. common stock, par value $0.0001 per share (the “DataMEDS Common Stock”), as of the Record Date (the “Record DataMEDS Common Holders”) as a token of its appreciation for DataMEDSs relationship with Datavault as a licensing partner. |
| Q: | What is the Meme Coin? |
| A: | The Meme Coin is a digital collectible intended solely for personal, non-commercial use in connection with the Dream Bowl 2027 event to be held on January 17, 2027. The Meme Coin does not: (a) represent or confer any equity, voting, dividend, profit-sharing, or ownership rights in Datavault or any other entity; (b) provide any right to receive monetary payments, distributions, or appreciation; or (c) create any expectation of profit or reliance on the managerial or entrepreneurial efforts of Datavault or others. The Meme Coin is not designed or intended to function as an investment, currency, or financial product, and it is not being offered, sold, or distributed for fundraising or capital-raising purposes. Use of the Meme Coin is limited to entertainment, event-access, and digital-collectible functions. Any transferability features are provided solely to support personal digital item portability and not to facilitate or imply investment or speculative use. |
| Q: | What is the Record Date for the Distribution to the Record DataMEDS Common Holders? |
| A: | The record date for determining the Record DataMEDS Common Holders who are entitled to receive Meme Coins was August 7, 2026 (the “Record Date”), subject to the right of the Board of Directors of Datavault (the “Datavault Board”) to change the Record Date to a later date. |
| Q: | What is the Payment Date for the Meme Coins to be Distributed to Record DataMEDS Common Holders? |
| A: | The Distribution will be paid beginning on September 9, 2026 (“Payment Date”), subject to the right of the Datavault Board to change the Payment Date to a later date or to revoke the Distribution entirely prior to the Payment Date. |
| Q: | Can the Datavault Board revoke the Distribution to Record DataMEDS Common Holders? |
| A: | Yes, the Datavault Board has the right to revoke the Distribution to Record DataMEDS Common Holders prior to the Payment Date. |
| Q: | How will I know if the Datavault Board changes the Record Date or Payment Date or otherwise revokes the Distribution to Record DataMEDS Common Holders? |
| A: | If the Datavault Board changes the Record Date or Payment Date or otherwise revokes the Distribution to Record DataMEDS Common Holders prior to the Payment Date, Datavault will file a Current Report on Form 8-K with the Securities and Exchange Commission to announce such changes or revocation. |
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| Q: | Will I receive Meme Coins if I am a Record DataMEDS Common Holder? |
| A: | If you are a Record DataMEDS Holder, meaning you held DataMEDS Common Stock as of the close of business on the Record Date, you are entitled to receive Meme Coins, subject to your having: |
| (i) | set up a digital wallet with Datavault into which Meme Coins can be delivered on or after the Payment Date; and |
| (ii) | elected to receive the Distribution by completing, duly executing, and submitting an Opt-In Agreement to Alliance Advisors, Datavault’s Information Agent (the “Information Agent”), in which, among other things, you will be required to provide a valid and accurate Datavault digital wallet address for Datavault to transfer the Meme Coins (collectively, the “Payment Conditions”). |
Instructions on how to set up a digital wallet with Datavault can be found at www.dreambowlcoin.com.
You may initiate your election to receive your portion of the Distribution by completing, executing and submitting the Opt-In Agreement, which can be accessed at www.dreambowlcoin.com. Once you have printed and executed the Opt-In Agreement you will need to upload the completed and executed agreement via a secure link on the Distribution Website under the field “Upload Your Opt-In Agreement”.
| Q: | How many Meme Coins will I receive if I am a Record DataMEDS Common Holder? |
| A: | If you are a Record DataMEDS Common Holder, then you will receive fifty Meme Coins for each one share of DataMEDS Common Stock held by you as of the close of business on the Record Date. |
| Q: | How do I know if I am a Record DataMEDS Common Holder? |
| A: | Stockholder of Record: Shares Registered in Your Name
If at the close of business on August 7, 2026, your shares of DataMEDS Common Stock were registered directly in your name with DataMED’s transfer agent, Colonia Stock Transfer Company (“Colonial”), then you are the stockholder of record for these shares and a Record DataMEDS Common Holder.
Beneficial Owner: Shares Registered in the Name of a Broker, Bank or Other Agent
If at the close of business on August 7, 2026, your shares of DataMEDS Common Stock were held, not in your name, but rather in an account at a brokerage firm, bank, dealer or other similar organization, then you are the beneficial owner of shares held in “street name”, and the organization holding your account is considered the stockholder of record, or the Record DataMEDS Common Holder, for purposes of the Distribution. |
| Q: | What information was distributed to the Record DataMEDS Common Holders in connection with the Distribution? |
| A: | Stockholder of Record: Shares Registered in Your Name
If at the close of business on August 7, 2026, your shares of DataMEDS Common Stock were registered directly in your name with DataMEDS’ transfer agent, Colonial, then Alliance Advisors (the “Information Agent”), on Datavault’s behalf, mailed a letter to your address on record with Colonial describing the Distribution and informing you about the process of electing to receive your portion of the Distribution by setting up your digital wallet and uploading your completed, executed Opt-In Agreement by navigating to www.dreambowlcoin.com (the “Distribution Website”). |
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On the Distribution Website, you will find, among other information, the following (collectively, with this letter, the “Distribution Materials”):
| (i) | These FAQs regarding the Distribution. | |
| (ii) | Instructions for setting up a digital wallet with Datavault. | |
| (iii) | A form of Opt-In Agreement to be completed and executed by you and submitted to the Information Agent by uploading the completed and executed agreement via a secure link on the Distribution Website under the field “Upload Your Opt-In Agreement”. |
.
Beneficial Owner: Shares Registered in the Name of a Broker, Bank or Other Agent
If at the close of business on August 7, 2026, your shares of DataMEDS Common Stock were held, not in your name, but rather in an account at a brokerage firm, bank, dealer or other similar organization, then you are the beneficial owner of shares held in “street name”, and the organization holding your account is considered the stockholder of record, or the Record DataMEDS Common Holder, for purposes of the Distribution.
As a Record DataMEDS Common Holder, your brokerage firm, bank, dealer or other similar organization should have received the cover letter from Datavault and will be responsible for distributing such cover letter to you.
Please visit the Distribution Website at www.dreambowlcoin.com or contact Datavault’s Information Agent, Alliance Advisors, by phone or email at:
Alliance Advisors
Telephone Number: 1-866-206-8174 (or 1-551-368-0038 for international holders)
Email Address: MEDS@allianceadvisors.com
to coordinate as necessary with your brokerage firm, bank, dealer or other similar organization.
| Q: | What if I am a Record DataMEDS Common Holder and did not receive a letter from Datavault describing the Distribution and informing me about the process of electing to receive my portion of the Distribution or I have questions about how to receive the Meme Coins? |
| A: | Stockholder of Record: Shares Registered in Your Name
To obtain a copy of the letter from Datavault, or if you have questions about such letter, the Distribution Website, and/or how to receive the Meme Coins or, subject to having completed and executed the Opt-In Agreement and opening a digital wallet with Datavault, to check on the status of the deposit of your Meme Coins in your digital wallet from and after the Payment Date, please visit the Distribution Website at www.dreambowlcoin.com or contact Datavault’s Information Agent, Alliance Advisors, by phone or email at:
Alliance Advisors Telephone Number: 1-866-206-8174 (or 1-551-368-0038 for international holders) Email Address: MEDS@allianceadvisors.com
Beneficial Owner: Shares Registered in the Name of a Broker, Bank or Other Agent
If you hold your shares in “street name” through a brokerage firm, bank, dealer or other similar organization, that organization received the cover letter with respect to all Datavault Common Stock held by its customers; please visit the Distribution Website at www.dreambowlcoin.com or contact Datavault’s Information Agent, Alliance Advisors, by phone or email at:
Alliance Advisors Telephone Number: 1-866-206-8174 (or 1-551-368-0038 for international holders) Email Address: MEDS@allianceadvisors.com
to coordinate as necessary with your brokerage firm, bank, dealer or other similar organization. |
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| Q: | Can I obtain, complete and submit the relevant Distribution Materials online? |
| A: | Yes. In the cover letter that was mailed by Datavault, there is a QR Code that you may scan to obtain access to the Distribution Website (defined below) hosted by Datavault’s Information Agent, Alliance Advisors, where you can obtain a copy of the Distribution Materials and instructions on how to complete and submit your Opt-In Agreement and set up a digital wallet with Datavault.
You must initiate the process of electing to receive your portion of the Distribution by setting up your digital wallet and completing the Opt-In Agreement by navigating to the Distribution Website at http://www.dreambowlcoin.com/. On the Distribution Website, you can view and download the Distribution Materials, set up a digital wallet with Datavault, and print, complete and submit your Opt-In Agreement. |
| Q: | Why am I being asked to open a digital wallet with Datavault to receive the Meme Coins? |
| A: | The Meme Coins are a digital asset and can only be held in a digital wallet. It is a condition to the receipt of the Meme Coins in the Distribution that you have a digital wallet hosted by Datavault.
Instructions for opening a digital wallet with Datavault can be found on the Distribution Website at http://www.dreambowlcoin.com/. |
| Q: | Why am I being asked to execute an Opt-In Agreement? |
| A: | Execution of the Opt-In Agreement is also a condition to the receipt of the Meme Coins.
By executing an Opt-In Agreement, you are agreeing, among other things, to the payment conditions set forth therein, and acknowledging that you understand the process for receiving the Meme Coins, that the Datavault Board can change the Record Date, Payment Date or revoke the Distribution, and that the Meme Coins may not have or maintain any value.
If you hold your shares in “street name” through a brokerage firm, bank, dealer or other similar organization, then in connection with your execution and delivery of the Opt-In Agreement, (a) Datavault may require additional documentation to verify the number of shares of DataMEDS Common Stock you hold, including the delivery of a copy of your brokerage statement as of the Record Date (or a full monthly statement for July 2026) or other certification regarding your holdings of DataMEDS Common Stock as of the Record Date, (b) you will need to authorize Datavault and Alliance Advisors to contact your brokerage firm, bank, dealer or other similar organization for purposes of verifying your holdings, and (c) you will be required to indemnify Datavault and its directors, officers, stockholders, members, partners, employees and agents to the fullest extent permitted by law with respect to certain losses arising in connection with your participation in the Distribution, including any inaccuracy in the number of shares of Datavault Common Stock set forth in your Opt-In Agreement, as more fully described therein.
Datavault urges you to read carefully the Opt-In Agreement prior to making any decision to accept the Meme Coins. |
| Q: | If I hold my shares of DataMEDS Common Stock in “street name” and the Information Agent is unable to verify the number of shares that I hold, will I be able to receive my portion of the Distribution? |
| A: | If you hold your shares of DataMEDS Common Stock in “street name” with a brokerage firm, bank, dealer or other similar organization and the Information Agent is unable to verify the number of shares that you hold with such brokerage firm, bank, dealer or other similar organization, including if you fail to provide additional documentation to verify the number of shares of DataMEDS Common Stock that you hold in street name, then you will not receive your portion of the Distribution until such time as the number of shares that you hold with such brokerage firm, bank, dealer or other similar organization can be verified by the Information Agent. |
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| Q: | What is the value of the Meme Coins? |
| A: | The fair market value per Meme Coin is $0.01, as of August 7, 2026, based on Biconomy.com price at 4:00 pm on such date. See the Risk Factors that form a part of the Opt-In Agreement. |
| Q: | Will there be a trading market for the Meme Coins? |
| A: | Yes, the Meme Coins will be tradeable on Datavault’s proprietary Information Data Exchange, which acts as a digital marketplace where registered buyers and sellers can securely exchange payment for data assets, including the Meme Coins. Datavault will notify holders of Meme Coins via email when they can commence trading the Meme Coins on the Information Data Exchange. Holders of Meme Coins may also be able to export the Meme Coins to other digital wallets. |
| Q: | Will there be fees associated with opening a digital wallet with Datavault? |
| A: | No, there will not be fees associated with opening a digital wallet with Datavault. |
| Q: | Will there be fees associated with transfers of Meme Coins or trades made on the Information Data Exchange after the initial deposit of Meme Coins into my digital wallet? |
| A: | Datavault will notify holders of Meme Coins via email when they can commence trading the Meme Coins on the Information Data Exchange.
Trades of Meme Coins made on the Information Data Exchange will incur ordinary course trading fees that are based on transaction value and embedded within the terms of the applicable smart contract. Meme Coins that are exported to and traded on other trading platforms or digital exchanges may be subject to additional fees not imposed by Datavault. |
| Q: | What are the tax consequences to Record DataMEDS Common Holders of accepting the Meme Coins? |
| A: | The distribution of Meme Coins is an in-kind distribution that may be a dividend (to the extent of DataMED’s current and accumulated earnings and profits (“E&P”)). Any amount in excess of E&P would reduce a Record DataMEDS Common Holder’s tax basis in its DataMEDS Common Stock underlying the distribution and any amount in excess of that basis should constitute gain. Datavault and/or DataMEDS may elect to treat the entire amount as a dividend or may elect to report it in another manner as it decides is appropriate in consultation with their respective tax preparers. In executing and delivering to Datavault the Opt-In Agreement, you agree (and will be required absent disclosure to the IRS and other tax authorities) to report such amounts in the same manner.
Datavault intends to notify such record holders of the manner in which it will report such amounts to the IRS by push notifications to digital wallets. |
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| Q: | I share an address with another DataMEDS stockholder, and we received only one paper copy of the Distribution Materials. How may I obtain an additional copy of the Distribution Materials? |
| A: | Datavault has adopted a procedure called “householding”. Under this procedure, Datavault delivers a single copy of the letter from Datavault to multiple stockholders and other equityholders who share the same address, unless it has received contrary instructions from one or more of such stockholders or other equityholders. This procedure reduces our printing costs, mailing costs and fees. Stockholders and other equityholders who participate in householding will continue to be able to access and receive separate letter from Datavault. Upon written or oral request, Datavault (through the Information Agent) will deliver promptly a separate copy of the letter from Datavault to any stockholder or other equityholder at a shared address to which Datavault delivered a single copy of any of these materials. To receive a separate copy, or, if a stockholder or other equityholder is receiving multiple copies, to request that we only send a single copy of the letter from Datavault, such stockholder or other equityholder may contact Alliance Advisors at:
Alliance Advisors Telephone Number: 1-866-206-8174 (or 1-551-368-0038 for international holders) Email Address: MEDS@allianceadvisors.com
We encourage stockholders to contact Alliance by telephone or e-mail instead of physical mail to help ensure timely receipt of any request a copy of the letter from Datavault. |
| Q: | Should I seek advice from legal and/or tax advisors before I elected to receive the Distribution? |
| A: | There may be legal and tax consequences from your election to participate in the Distribution, execution of the Opt-In Agreement and receipt of the Distribution. Datavault encourages all Record DataMEDS Common Holders to seek legal and tax advice from qualified legal counsel and a tax professional before deciding to elect to participate in the Distribution, execute the Opt-In Agreement and receive the Distribution. |
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