•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Datavault AI Inc. (NASDAQ: DVLT) said it has executed a binding term sheet for a cash contribution and revenue participation agreement with Scilex Holding Company (NASDAQ: SCLX). Under the proposal, Scilex would provide an upfront cash contribution of $120,000,000 to Datavault AI, and Datavault AI would make revenue-based payments to Scilex tied to “network revenues” from its quantum-ready, zero trust edge network.
The term sheet contemplates the following payment structure to Scilex, based on gross revenues recognized by Datavault AI attributable exclusively to the quantum-ready, zero trust edge network (“network revenues”):
Datavault AI said the $120 million cash contribution will fund deployment of its quantum-ready edge network, including build-out, equipment, related working capital, and reasonable overhead expenses directly attributable to the network.
The company said it anticipates the network will leverage Available Infrastructure’s fleet of high-performance, cybersecure, and quantum-ready micro edge data centers. Each site is expected to use Available Infrastructure’s SanQtum stack, including zero trust networking, data storage with quantum-resilient encryption, private sovereign cloud, and GPUs for AI inference at the edge.
Datavault AI and Available Infrastructure’s initial deployment in New York and Philadelphia is expected to go live in the second quarter of 2026.
Datavault AI also outlined deployment objectives following closing:
Available Infrastructure said the annual revenue potential per city is $100 million to $1 billion, and the aggregate annual revenue potential across 100 U.S. cities is $10 billion to $100 billion.
Datavault AI and Scilex agreed to negotiate in good faith and use commercially reasonable efforts to enter into a definitive agreement reflecting the term sheet’s terms, including customary representations, warranties, covenants, indemnities, conditions, termination rights, and other provisions.
The Scilex transaction is targeted to close in multiple tranches, with the final tranche expected before the end of 2026. The company said the revenue participation is intended to align long-term interests while preserving ownership and upside for Datavault AI shareholders.
Datavault AI Chief Executive Officer Nathaniel T. Bradley said the Scilex contribution is intended to provide capital to execute the quantum-ready edge network vision “without diluting our shareholders,” and that the cash contribution will be used to fully fund deployment of quantum-ready GPU infrastructure across an estimated 100 cities in the United States.
Available Infrastructure Chief Executive Officer Dan Gregory said Available Infrastructure is “humbled and honored” by Datavault AI’s decision to standardize on its SanQtum platform, describing it as architected to be a “Quantum Portal™” and designed to support advanced AI workloads, high-performance computing, tokenized real-world assets, and mission-critical digital services protected by quantum-resistant encryption.
Datavault AI (NASDAQ: DVLT) describes itself as providing AI-driven data experiences, valuation, and monetization of assets in the Web 3.0 environment, with cloud-based solutions across its Acoustic Sciences and Data Sciences divisions.
Available Infrastructure is based in Northern Virginia and describes its offerings as cybersecure zero trust networking, HPC neocloud infrastructure, and enterprise-grade AI delivered at the edge, along with a nationwide fleet of AI-powered, quantum-ready distributed micro data centers.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
