Datavault AI Inc. (NASDAQ:DVLT) has entered into a non-binding term sheet outlining a potential $2 billion structured financing arrangement that could significantly expand the company’s capital resources and support the rollout of its digital infrastructure initiatives.
The agreement, signed on May 30, 2026, involves a proposed transaction with an institutional investment fund and a regulated investment platform based in the United Kingdom.
Multi-Billion-Dollar Transaction Structured in Four Stages
Under the proposed terms, Datavault AI would issue common shares priced between $1.55 and $2.00 per share in exchange for preferred units in a special-purpose vehicle holding fixed-income securities with an estimated value of approximately $2 billion.
The financing is expected to be executed in four separate tranches, each worth up to $500 million.
Management indicated that the first tranche is targeted for completion during the third quarter of 2026, subject to the satisfaction of all required conditions.
Exclusive Tokenization Partnership Included in Agreement
As part of the arrangement, the counterparty has agreed to direct all of its global digital asset tokenization and blockchain infrastructure activities exclusively through Datavault AI’s technology platform.
The provision could strengthen the company’s position within the rapidly expanding markets for digital asset infrastructure and real-world asset tokenization.
Datavault AI has increasingly focused on technologies that enable the monetization of data and the tokenization of physical and financial assets through blockchain-based systems.
Governance Implications Upon Full Completion
The proposed transaction also includes significant governance provisions.
If all four financing tranches are completed, the investor group would acquire sufficient voting rights to appoint a majority of the company’s nine-member board of directors.
The agreement further requires Datavault AI to provide $25 million in administrative and transaction-structuring costs for each tranche, with the first payment scheduled by June 4, 2026.
Completion Remains Subject to Multiple Conditions
The company emphasized that the transaction remains preliminary and is not yet legally binding.
Execution of the financing depends on the negotiation of definitive agreements, completion of due diligence, shareholder approval, regulatory authorizations and other customary closing requirements.
Datavault AI noted that the term sheet does not obligate either party to finalize the transaction and may be terminated before completion.
Strong Revenue Growth Supports Expansion Plans
Separately, the company highlighted its recent operating performance, reporting that first-quarter 2026 revenue increased 443% compared with the same period a year earlier.
Management also reaffirmed its objective of generating at least $200 million in revenue for the full 2026 financial year.
Headquartered in Philadelphia, Datavault AI develops technologies focused on data monetization, digital infrastructure and real-world asset tokenization.
Financing Intended to Accelerate Infrastructure Deployment
According to the company, proceeds from the proposed financing would be used to accelerate the expansion of its SanQtum network and broader technology ecosystem.
Plans include deploying infrastructure capable of supporting approximately 48,000 GPUs across 100 cities in the United States, while also advancing the development of the company’s exchange and tokenization platforms.
The details disclosed are based on information contained in Datavault AI’s official company announcement.