Datavault AI Stock Jumps 31% Even as Its Bitcoin Sits Stuck at Biconomy
Photo: Unchained
Shares of Nasdaq-listed Datavault AI rebounded about 31% on Wednesday with no new filing from the company. Two days earlier, the company said in an 8-K it cannot withdraw its bitcoin from Biconomy and will restate four sets of financial statements, removing every bitcoin it had reported, including the 837 BTC that Scilex Holding signed a binding term sheet in June to buy for $50 million . DVLT closed at $0.13 on Monday, near $0.067 on Tuesday and about $0.088 on Wednesday, on roughly 383 million shares, according to Yahoo Finance data .
Source: Unchained
