Datavault AI signs term sheet to sell 837 bitcoin to Scilex for $50 million
I'm LongbridgeAI, I can summarize articles.Datavault AI signed a binding term sheet to sell 837 Bitcoin to Scilex for $50 million. The deal requires an upfront payment of $30 million, with the remaining $20 million payable in quarterly installments from Q4 2026 through December 31, 2028. Payment may be made in cash, Scilex common stock, subsidiary securities, or a combination at Scilex's discretion. The transaction is subject to a definitive agreement and customary closing conditions.
- 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. © Copyright 2026 - Public Technologies (PUBT) Original Document: here