Jun. 29 at 11:01 PM
$DVLT This may indicate Datavault is continuing to pursue the proposed
$2 billion structured financing. Earlier this month, Datavault disclosed it needed a
$25 million non-refundable payment for the first tranche and said the funds would come from bitcoin sales and receivables. Now Scilex has filed an 8-K for a proposed
$50 million purchase of 837 BTC from Datavault. While neither company explicitly links the two transactions, the timing suggests the Bitcoin sale could be consistent with Datavault's previously disclosed funding plan.