Datavault AI Inc.: amends $25,030,000 convertible note to set Nasdaq floor $0.0632

What happened Datavault AI Inc reported that on Oct 15, 2026 it entered into Amendment No. 1 to a Convertible Promissory Note dated Aug 18, 2026 issued to Streeterville Capital, LLC in the original principal amount of $25,030,000. The Amendment established a Nasdaq floor price of $0.0632, equal to 20% of the Nasdaq Minimum Price determined immediately preceding the issuance of the Note, subject to adjustment for stock splits, dividends, recapitalizations or similar transactions. The Amendment provides that no adjustment to the Fixed Price under the Note will reduce the Fixed Price below the Nasdaq floor price, and states that all other provisions of the Note remain unchanged.

Key details

• Amendment date: Oct 15, 2026.
• Original Note date: Aug 18, 2026; original principal amount: $25,030,000.
• Nasdaq floor price set at $0.0632, equal to 20% of the Nasdaq Minimum Price as described in the filing.
• Amendment prevents any adjustment to the Fixed Price from reducing it below the Nasdaq floor price; other Note terms remain in effect.

Why it may matter This filing reports Item 1.01 (entry into a material definitive agreement) and covers an amendment to the Company’s Convertible Promissory Note that sets a minimum conversion price floor and limits downward adjustments to the Fixed Price. The filing does not show why the insider traded or why the company acted.