Datavault AI Stock Jumps 31% Even as Its Bitcoin Sits Stuck at Biconomy

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 . Neither Datavault nor Scilex has filed with the SEC since. That filing, made just after Monday’s market close, says the Philadelphia company asked in June to move bitcoin from its wallet at Biconomy PTE. Ltd.

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