Datavault AI signs term sheet to sell 837 bitcoin to Scilex for $50 million
PUBT · 2d ago
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- Datavault AI entered a binding term sheet for Scilex to buy 837 BTC for USD 50 million.
- USD 30 million due upfront; USD 20 million payable in quarterly installments from Q4 2026 through Dec. 31, 2028.
- Consideration may be cash, Scilex common stock, Scilex subsidiary securities, or a mix, at Scilex’s discretion.
- Transaction remains subject to a definitive agreement and customary closing conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Datavault Ai Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-078812), on June 29, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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