DVLT Investor Alert: Datavault AI Inc. Securities Class Action Notice - Contact Levi & Korsinsky

Important Notice Regarding Alleged Partnership Value and Platform Trading Volume Misrepresentations

NEW YORK, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Datavault AI Inc. (NASDAQ: DVLT) that a class action lawsuit has been filed on behalf of shareholders who purchased securities between September 4, 2024 and October 30, 2025. Find out if you could qualify to recover your losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

DVLT shares fell $0.49 per share, or 19.44%, to close at $2.03 on October 31, 2025. The complaint alleges insiders sold 38,065,752 shares during the Class Period for more than $73.8 million in proceeds. Applications to serve as lead plaintiff must be filed by October 5, 2026.

The Alleged Partnership Valuation Methodology

The Company announced a series of corporate partnerships it described as transformative, including a claimed $150 million strategic investment and a $2 million non-refundable license fee. According to the lawsuit, the economic value of those arrangements to Datavault AI was overstated because the counterparties allegedly lacked the financial capacity to perform. The complaint alleges one counterparty reported only $4.1 million in cash and cash equivalents, while another reported just $9,511 in cash in its most recent quarterly filing before the deal was announced.

The lawsuit contends the Company also overstated activity on its blockchain-powered data exchange, which allegedly carried minimal or non-existent trading volume.

Key Platform and Partnership Allegations for Shareholders

• The complaint alleges the Datavault Platform's trading activity was minimal, if not non-existent, despite being described as the center of the Company's strategy.
• Data allegedly offered on the exchange consisted of low-value items including celebrity photographs and widely available historical weather data.
• The lawsuit contends a defense-sector partner had never been awarded more than $4.5 million in contracts in any year since 2002, and only $3.1 million in 2025.
• That partner's contracts allegedly involved routine equipment such as hoses, piping, fuses, and electrical connectors, rather than secure data or predictive intelligence solutions.
• The complaint alleges the Company acquired the underlying intellectual property for $210 million, primarily in newly issued restricted stock.
  
  

How the Alleged Overstatements Affected Investors

"This case presents important questions about disclosure obligations in the data monetization and blockchain sector, particularly where the complaint alleges that announced partnership values could not have been supported by the counterparties' own reported cash positions," stated Joseph E. Levi, Esq. "Shareholders are entitled to accurate information about whether a company's flagship platform is generating actual commercial activity."

The complaint alleges these representations were corrected on October 31, 2025, when a published short-seller report questioned the Company's partnership economics and platform activity. The lawsuit asserts that investors who acquired shares at allegedly inflated prices during the Class Period suffered losses when the market repriced the stock.

Submit your information here or call (212) 363-7500.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

Frequently Asked Questions About the DVLT Lawsuit

Q: What is the DVLT class action lawsuit about? A: A securities class action has been filed against Datavault AI Inc. (NASDAQ: DVLT) alleging materially false and misleading statements between September 4, 2024 and October 30, 2025. Shares fell approximately 19.44% after a report alleged the Company had overstated the value of its corporate partnerships and the trading activity on its Datavault Platform. Investors who purchased shares during the Class Period and suffered losses may be eligible to seek compensation.

Q: Who is eligible to join the DVLT investor lawsuit? A: Investors who purchased DVLT stock or securities between September 4, 2024 and October 30, 2025 and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.

Q: What specific misstatements does the DVLT lawsuit allege? A: The complaint alleges Datavault AI made materially false or misleading statements regarding the economic value of partnerships and the volume of trading activity on its blockchain platform during the Class Period. When those matters were publicly questioned, the stock price declined sharply.

Q: What do DVLT investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at jlevi@levikorsinsky.com or (212) 363-7500. No immediate action is required to remain eligible as an absent class member.

Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.

Q: What if I already sold my DVLT shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: What does it cost me to participate? A: There is no upfront cost to contact the firm. Securities class actions are generally handled on a pure contingency basis. No upfront fees, no retainer, and no out-of-pocket costs. Any attorneys' fees and expenses awarded to class counsel are subject to court approval.

Q: What if my DVLT losses are small -- is it still worth contacting a lawyer? A: Yes. There is no minimum loss amount required to participate as a class member.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171

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