Datavault AI Announces Execution of Binding Term Sheet for $120 Million Cash Contribution From Scilex Holding Company to Fund 100-City GPU Expansion of Quantum-Ready SanQtum Platform
Initial New York and Philadelphia sites are expected to go live in Q2 2026. Datavault AI targets 25 operating locations within 12 months of closing.
➤ Datavault AI has secured a binding term sheet with Scilex Holding Company for a $120 million cash contribution to fund a 100-city GPU expansion of its quantum-ready SanQtum platform. ➤ The funding will support the deployment of a quantum-ready, zero-trust edge network, enabling AI, high-performance computing, and tokenized RWA processing. ➤ Scilex will receive a portion of network revenues as a return on its investment, with the transaction structured to avoid equity dilution for Datavault AI shareholders.
