Datavault AI Inc. 8-K

What Happened

• Datavault AI Inc. announced (in an 8-K filed Mar 30, 2026) that its board declared a Distribution of Josh Gibson Coin tokens to eligible holders of its common stock, certain warrants, and certain outstanding equity awards.
• The Record Date for eligibility is March 9, 2026 (subject to change by the board). The Distribution is one Gibson Coin per share (or per underlying security) and is scheduled to be paid beginning April 30, 2026, subject to satisfaction of payment conditions and possible board changes or revocation.

Key Details

• Record Date: March 9, 2026 (board may change this date). Payment Date: beginning April 30, 2026 (board may change or revoke).
• Ratio: 1 Josh Gibson Coin per share of common stock (or per underlying Datavault security).
• Payment Conditions: holders must (1) have or set up a Datavault digital wallet to receive the tokens and (2) complete and submit an Opt‑In Agreement via the Distribution Website (http://www.joshgibsoncoin.com) to the Information Agent (Alliance Advisors).
• Notices: The Information Agent will mail an Information Letter starting March 30, 2026; holders with shares held in “street name” rely on their broker/agent to forward the letter and to verify holdings.

Why It Matters

• This is a non-cash dividend in the form of a token, not U.S. dollars or additional shares; eligible shareholders must take action (set up a wallet and opt in) to receive the tokens.
• If a holder does not satisfy the payment conditions (including verification for street‑name holdings), they will not receive the Gibson Coins until conditions are met and the board may change timing or revoke the Distribution.
• Investors should note potential legal, tax and regulatory considerations referenced in the filing and review Datavault’s full filings or consult advisors before opting in; supporting materials (information letter, opt‑in form, wallet instructions, FAQs) are available per the 8‑K.