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Datavault AI Inc. ("Datavault AI" or the "Company") (NASDAQ:DVLT), a provider of data monetization, credentialing, digital engagement, and real‑world asset tokenization technologies, announced today that, in connection with its previously announced distribution of Dream Bowl 2026 Meme Coins to eligible record equity holders of Datavault AI, Nasdaq has informed the Company that it is not expecting to quote an ex-dividend date for such distribution and therefore eligible record equity holders of Datavault AI must be holders as of the record date of November 25, 2025 in order to receive the distribution.
With respect to Datavault AI's voluntary distribution of Dream Bowl 2026 Meme Coins to record holders of common stock of Scilex Holding Company (NASDAQ:SCLX), given that such distribution is being made as a token of Datavault AI's appreciation for Scilex's relationship with Datavault AI as a stockholder of Datavault AI, licensing partner and co-sponsor of the Dream Bowl XIV event to be held on January 11, 2026, Nasdaq has informed the Company that it is not planning to make any announcement regarding such distribution for Scilex, whether as to the record date or an ex-dividend date. Notwithstanding the absence of such announcement, Datavault AI intends to make such voluntary distribution to record holders of Scilex common stock as of November 25, 2025 concurrently with the distribution of the Dream Bowl 2026 Meme Coins to Datavault AI's eligible record equity holders.
The Dream Bowl 2026 Meme Coins will be airdropped to Data Vault® wallets following the payment date for the distribution, subject to recipient's electing to opt-in to the distribution and setting up a digital wallet with Datavault AI and providing Datavault AI with documentation confirming same. Subject to the right of the Board of Directors of Datavault AI to change the record date, the payment date for this distribution will be determined by subsequent resolutions of the Board of Directors of Datavault AI, which will be within 60 days following the record date.
The record date for the distribution may be changed by the Board of Directors of Datavault AI for any reason at any time prior to the actual payment date, and payment of the distribution is conditioned upon the Board not having revoked the distribution prior to the payment date, including for a material change to the solvency or surplus analysis presented to the Board of Directors of Datavault AI.
The Company will provide further instructions regarding wallet setup, token access, and distribution procedures in a subsequent communication prior to the payment date.
