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Midas Edge

Datavault AI Inc.

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 31, 2025

DVLT$0.06+3.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Convertible Preferred Stock and Stockholders’ Equity

CONSOLIDATED STATEMENTS OF CONVERTIBLE REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT)

(in thousands, except share data)

​​​​​​​​​​​​​​​​​​​​​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Total
​ · ​ · Convertible Preferred Stock · ​ · ​ · Common Shares · ​ · Additional · ​ · Accumulated · ​ · Stockholders’
​ · Shares · Amount · ​ · Shares · Amount · Paid-in Capital · Deficit · Equity (Deficit)
Balance as of December 31, 2022—​—​4,750$1​$226,324$(228,321)$(1,996)
Stock-based compensation​—​​—​​6,427​​—​​2,058​​—​​2,058
Restricted stock awards cancelled​—​​—​​(88)​​—​​—​​—​​—
Release of vested restricted common stock​—​​—​​19​​—​​—​​—​​—
Issuance of common stock in connection with convertible promissory note​—​​—​​450​​—​​708​​—​​708
Issuance of common stock in connection with warrant exercise​—​​—​​19,030​​—​​10,713​​—​​10,713
Issuance of common stock and warrants, net of offering costs​—​​—​​14,510​​—​​2,319​​—​​2,319
Issuance of Series B preferred stock, net of discounts​87,000​​—​​—​​—​​1,909​​—​​1,909
Issuance of Series B preferred stock in connection with warrant exercise, net of discounts​61,613​​3,550​​—​​—​​195​​—​​195
Issuance of common stock in connection with conversion of Series B preferred stock​(110,278)​​(6,341)​​177,282​​—​​6,341​​—​​6,341
Deemed dividend in connection with conversion of Series B preferred stock to common stock​​​​6,063​​—​​—​​(6,063)​​—​​(6,063)
Repurchase of common stock warrants​—​​—​​—​​—​​(2,323)​​—​​(2,323)
Deemed dividend in connection with amortization and accretion of discounts relating to Series B preferred stock​—​​297​​—​​—​​(297)​​—​​(297)
Discount from issuance of common stock warrants in connection with Series B preferred stock inducement​—​​(3,322)​​—​​—​​—​​—​​—
Net loss​—​​—​​—​​—​​—​​(18,721)​​(18,721)
Balance as of December 31, 2023​38,335​$247​​222,380​$1​$241,884​$(247,042)​$(5,157)
Stock-based compensation​—​​—​​1,233,683​​—​​2,536​​—​​2,536
Restricted stock awards cancelled​—​​—​​(3,941)​​—​​—​​—​​—
Issuance of common stock in connection with warrant amendment​—​​—​​887,356​​—​​—​​—​​—
Issuance of common stock in connection with warrant exercise​—​​—​​5,456,986​​—​​7,794​​—​​7,794
Issuance of common stock and warrants, net of offering costs​—​​—​​2,466,583​​—​​8,756​​—​​8,756
Issuance of Series B preferred stock in connection with warrant exercise, net of discounts​29,322​​386​​—​​—​​—​​—​​—
Issuance of common stock in connection with conversion of Series B preferred stock​(5,000)​​(325)​​8,038​​—​​325​​—​​325
Deemed dividend on conversion of Series B preferred for common stock and repurchase of Series B preferred stock​—​​5,842​​—​​—​​(5,842)​​—​​(5,842)
Repurchase of Series B preferred stock and Series B preferred stock warrants​(62,657)​​(6,266)​​—​​—​​824​​—​​824
Issuance of common stock, pre-funded units and warrants, net of offering costs​—​​—​​1,442,518​​—​​4,210​​—​​4,210
Issuance of common stock in connection with reverse split rounding-up for fractional shares​—​​—​​84,254​​—​​—​​—​​—
Issuance of common stock to vendors​—​​—​​236,203​​—​​600​​—​​600
Issuance of common stock in connection with the acquisition of intangible assets​—​​—​​40,000,000​​4​​81,995​​—​​81,999
Conversion of liability warrants to equity warrants​—​​—​​—​​—​​41,851​​—​​41,851
Warrants classified to liability​—​​—​​—​​—​​(645)​​—​​(645)
Cumulative effect of ASU 2020-06 adoption​—​​116​​—​​—​​(116)​​—​​(116)
Net loss​—​​—​​—​​—​​—​​(51,409)​​(51,409)
Balance as of December 31, 2024​—​​—​​52,034,060​$5​$384,172​$(298,451)​$85,726

Note: Share and per share amounts have been retroactively adjusted to reflect the impact of a 1-for-100 reverse stock split effected in January 2023 as well as a 1-for-150 reverse stock split effected in April 2024, as discussed in Note 1.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.