Shares of Datavault AI Inc. (DVLT) climbed to $0.5861 on Thursday, up $0.0544 from the previous close, with more than 65 million shares changing hands. The surge comes as investors position ahead of the company's first-quarter earnings call on Friday, following a series of strategic moves including a $60 million stock offering and plans for a GPU edge network rollout.
The company's CEO Nathaniel Bradley and CFO Brett Moyer are scheduled to present at 8:30 a.m. ET on Friday. The earnings call follows an amended SEC filing showing that Bradley and his spouse, Datavault employee Sonia Choi, received long-term incentive plan (LTIP) shares vesting in tranches from September 2026 through September 2029.
On the regulatory front, the Senate Banking Committee advanced the CLARITY Act on Thursday, legislation that aims to clarify when crypto tokens are classified as securities, commodities, or other instruments. According to Reuters, Polymarket odds for the Act becoming law in 2026 remain at 70% 'Yes,' with approximately $894,635 in bets placed.
Datavault is capitalizing on the growing interest in real-world asset tokenization, using digital tokens to represent stakes in physical assets. On Monday, the company outlined plans to complete a 'quantum-ready' edge network spanning over 100 U.S. cities by the end of 2026, powered by 48,000 GPUs for AI workloads, with commercial deployment starting in Q3. Bradley described Datavault as 'in the right place at the right time.'
The capital-intensive nature of GPU networks is underscored by recent spending from larger players. CoreWeave raised its 2026 capital expenditure outlook to $31 billion, while Nebius guided $20-25 billion in capex after an eightfold revenue jump. Datavault's $60 million raise is modest by comparison but will fund its quantum-ready edge network, equipment, and working capital.
The stock offering, completed on May 5, involved selling 109,090,910 common shares in a registered direct offering, resulting in dilution—a common challenge for smaller companies issuing new equity.
Datavault is also considering a spin-off of its Acoustic Sciences division, along with ADIO, WiSA, Event Citadel, and API Media, into a separate public entity named API Media. The ticker 'ADIO' would be used for the new firm, pending board and regulatory approvals. Bradley said the move aims to 'unlock the full potential' of the acoustic unit and allow Datavault to focus on data monetization.
Additionally, Datavault and CyberCatch Holdings signed a binding letter of intent for Datavault to acquire CyberCatch in an all-stock deal valued at approximately C$136.8 million, bringing CyberCatch's AI-powered cyber risk platform under Datavault's edge-computing umbrella.
Friday's Q1 earnings will be closely watched, given Datavault's 2025 revenue of $39.1 million (up from $2.67 million in 2024) and its first quarterly net profit of $661,000 in Q4. The company maintains its 2026 revenue target of $200 million. However, risks remain, including recurring losses, funding needs, and a Nasdaq compliance deadline of August 24, 2026, for the $1 minimum bid price. Investors will seek specifics on cash use, GPU rollout progress, and revenue recognition from tokenization.
