Datavault AI Inc. 8-K
Research Summary
AI-generated summary
Datavault AI Inc. Announces Dividend of Dream Bowl Meme Coin II
What Happened
- Datavault AI Inc. filed an 8-K (Feb 3, 2026) confirming terms for a previously-declared dividend of Dream Bowl Meme Coin II tokens (the “Meme Coins”). The Board declared the Distribution on Dec 29, 2025. Eligible holders are those of Datavault common stock and other equity securities as of the Record Date (close of business Jan 7, 2026). The Distribution is scheduled to begin on Feb 21, 2026 (subject to change by the Board).
Key Details
- Distribution ratio: 1 Meme Coin for every 60 shares of common stock (or Common Stock Equivalents); holders with fewer than 60 shares receive nothing. Partial increments are rounded down (e.g., 125 shares → 2 Meme Coins).
- Payment conditions: Record Holders must (1) have or set up a Datavault digital wallet and (2) complete and submit an Opt‑In Agreement via the Distribution Website (www.dreambowlcoin2.com) hosted by Information Agent Alliance Advisors.
- Communications: Alliance Advisors will mail an Information Letter beginning Feb 4, 2026; holders holding shares in “street name” (via broker/bank) rely on their intermediary to forward the notice and verify holdings.
- Board discretion & risks: The Board may change the Record Date or Distribution Date or revoke the Distribution; the 8‑K contains forward‑looking statements and cautions about legal, regulatory and other risks.
Why It Matters
- This is a non‑cash dividend in the form of tokens, not U.S. dollars or additional equity. Retail shareholders need to take active steps (set up a digital wallet and opt in) to receive tokens — otherwise they will not get the Distribution. Shareholders holding fewer than 60 shares are excluded under the stated terms, which may affect small investors.
- The payment depends on verification (including broker verification for street‑name holders) and on the Board not changing or revoking the Distribution, so timing and receipt are not guaranteed. Investors should review the Information Letter, Opt‑In Agreement and FAQs on the distribution website and consider potential legal, tax and custody implications of receiving tokenized assets.