Datavault AI Inc. (DVLT) Appoints Brett Moyer CEO After Removing Nathaniel Bradley

Datavault AI (DVLT) removed Nathaniel Bradley as CEO and President, terminating his employment effective immediately. Bradley remains a board member. The company did not disclose reasons for the change or a replacement.

Datavault AI Inc. disclosed it cannot access ~817.6 BTC ($65M) held on Biconomy Pte. Ltd. exchange, received as payment from Scilex Holding Company in 2025. The company will record the BTC as a subscription receivable, affecting financial statements. Datavault's stock fell sharply before rebounding 31%. The firms' relationship with Biconomy and the unresolved BTC withdrawal remain unclear.

Datavault AI (DVLT) shares dropped 50% on October 27 after disclosing it couldn't complete a Bitcoin withdrawal requested in June. The company also plans to restate financial statements, reducing reported assets by $92.2M at year-end 2025. Datavault sold 491 BTC for $40.5M to Scilex, according to a filing.

Datavault AI's stock dropped 50% after the company reported it couldn't withdraw BTC from exchange Biconomy since June. The issue impacted investor confidence, leading to the sharp decline.

Datavault AI Inc. (DVLT) reported that four financial statements from 2025-2026 are unreliable, tied to a $150M Bitcoin deal with Scilex. The company couldn't withdraw Bitcoin from its wallet, and shares lost over half their value. According to VanEck's Matthew Sigel, the filing was 'one of the ugliest 8-Ks ever.'

Datavault AI (DVLT) reports it cannot access 1,309.04 BTC held at Biconomy since June, leading to a $92.2M asset reduction and financial restatement. The issue stems from a 2025 agreement with Scilex. DVLT stock fell 50% on Oct. 27 and is down 98% over 12 months.