8-K: Datavault AI Amends Convertible Note with Streeterville Capital

Datavault AI Inc. has amended its convertible promissory note with Streeterville Capital, LLC, establishing a Nasdaq floor price of $0.0632.

Summary

• Datavault AI Inc. entered into Amendment No. 1 to its Convertible Promissory Note with Streeterville Capital, LLC, originally dated August 18, 2026.
• The amendment, effective October 15, 2026, establishes a 'Nasdaq Floor Price' of $0.0632.
• This floor price is set at 20% of the Nasdaq Minimum Price immediately preceding the note's issuance.
• The amendment also stipulates that no future adjustments to the 'Fixed Price' under Section 9 of the note will reduce it below this new Nasdaq Floor Price.
• All other terms of the original note and related transaction documents remain in full force and effect.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral to slightly negative development, as it introduces a price floor that could limit future upside for the company if the stock price falls significantly, while also providing some downside protection for the lender.

Positives

• Provides a defined floor price for the convertible note, offering some protection to the lender against extreme stock price depreciation.
• Clarifies terms related to future price adjustments, preventing the conversion price from falling below the established floor.

Negatives

• Introduces a price floor that could limit the company's flexibility in future financing or conversion scenarios if the stock price remains below this level.
• The establishment of a floor price may indicate concerns about potential stock price volatility or decline.

Risks

• If the company's stock price falls significantly below $0.0632, the conversion terms become less favorable for the lender, potentially leading to future discussions or complications.
• The amendment could be interpreted as a sign of underlying financial pressure or a need to secure terms favorable to the lender in anticipation of market downturns.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding future financial performance. The amendment primarily addresses the terms of an existing debt instrument.

Management Comments

• The amendment is entered into by and between Datavault AI Inc. (Borrower) and Streeterville Capital, LLC (Lender).
• The parties desire to amend the Note to establish a floor price based on the Nasdaq Minimum Price applicable immediately preceding the issuance of the Note.
• The amendment is a Transaction Document and all provisions of the Note remain unchanged and in full force and effect, except as expressly amended.

Industry Context

StockSavvy.ai notes that amendments to convertible notes, particularly those establishing price floors, are common in the technology and biotech sectors where stock price volatility can be high. This move by Datavault AI Inc. suggests a proactive measure to manage the terms of its debt financing in potentially uncertain market conditions.

Stakeholder Impact

• Shareholders: May face limitations on the potential dilution from the convertible note if the stock price falls below the floor price, as conversion terms are capped.
• Lender (Streeterville Capital, LLC): Gains enhanced protection against significant stock price declines by having a defined floor price, ensuring a minimum value for their investment conversion.

Next Steps

• The amended note will govern future conversion events, with the Nasdaq Floor Price of $0.0632 acting as a minimum threshold.
• The company will continue to operate under the terms of the note as amended.

Key Dates

Keywords

Convertible Promissory Note, Amendment, Streeterville Capital, Floor Price, Nasdaq Minimum Price, Securities Purchase Agreement, Datavault AI Inc.