Datavault AI Shares Drop After $60M Registered Direct Offering Announcement
Datavault AI Inc. saw its stock fall 23% on Monday after disclosing a $60 million registered direct offering of common stock. The Philadelphia-based firm agreed to sell 109,090,910 shares at roughly $0.55 apiece, a price below last Friday's close of $0.7438. The proceeds are slated to support build-out of a quantum-ready GPU edge network, along wit…