Datavault AI plans to raise 2 billion dollars to expand its business.

According to a report by Businesswire, Nasdaq-listed company Datavault AI announced the signing of a non-binding financing agreement, planning to complete a total of $2 billion in structured financing in four phases. The counterparty will subscribe to newly issued shares at a price between $1.55 and $2.00 per share, with the financing collateralized by its digital asset exchange and RWA tokenization business. The funds will be used to expand the SanQtum GPU edge computing network, platform development, and debt repayment.