▼ Bearish
Datavault AI's stock price plunged nearly 50% following the announcement that it is unable to withdraw 817.6 Bitcoin from the Biconomy exchange.
The company will also restate its financials due to an accounting correction that reduced its year-end 2025 assets by $92.2 million, and it will reassess its ability to continue as a going concern.
The Bitcoin in question has been inaccessible since June and is linked to a $150 million equity deal with Scilex.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.