DVLT Shareholder Alert: Datavault AI Inc. Securities Class Action Lawsuit - Investors Should Contact SueWallSt

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Sep 03, 2026, 10:11 ET

Notice to Pension Funds, Asset Managers, and Fiduciaries: A securities class action alleges Datavault AI Inc. overstated the economic value of announced corporate partnerships and the trading volume on its blockchain data platform, which allegedly had minimal or non-existent activity.

NEW YORK, Sept. 3, 2026 /PRNewswire/ -- SueWallSt notifies institutional 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. Request an institutional investor loss assessment. You may also contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.

DVLT shares declined 19.44%, or $0.49 per share, to close at $2.03 on October 31, 2025. Insider stock sales during the Class Period generated more than $73.8 million in proceeds, according to the lawsuit. To be considered for lead plaintiff, investors must file by October 5, 2026.

Notice to Institutional Holders

Funds holding DVLT across index sleeves, small-cap mandates, or thematic AI and blockchain allocations may have accumulated positions during a Class Period spanning more than thirteen months. The pleading asserts that the Company overstated the economic value of announced partnerships and the volume of trading activity on the Datavault Platform, which was in fact minimal.

ERISA and Fiduciary Considerations

Plan trustees and investment committees ordinarily document whether identified securities claims were evaluated and whether lead plaintiff opportunities were considered. As averred in the complaint, undisclosed information concerning the Company's leadership affiliations and the commercial substance of its announced agreements was material to investors.

Fiduciary Obligations and Recovery Options

Class Period purchases between September 4, 2024 and October 30, 2025 may support claims regardless of whether positions are still held.
Institutions with the largest documented losses are typically best positioned for lead plaintiff consideration.
Lead plaintiff status carries no separate fee obligation and does not increase individual recovery.
Absent class members may participate in any recovery without applying for lead plaintiff appointment.
Custodial transaction records covering the full Class Period are generally sufficient for an initial loss review.
Serving as lead plaintiff provides direct oversight of case strategy and settlement decisions.

"Institutional investors play a critical role in securities class actions, and the alleged overstatement of partnership economics and platform trading activity here is the type of issue fiduciaries frequently evaluate. Funds that acquired DVLT shares during the Class Period may wish to review their transaction records." -- Joseph E. Levi, Esq.

WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. 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: 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: How much did DVLT stock drop? A: Shares fell approximately 19.44%, a decline of $0.49 per share, after a research report questioned the economic value of the Company's announced partnerships, the trading activity on its blockchain platform, and the background of Company leadership. Investors who purchased shares during the Class Period at artificially inflated prices and suffered losses may be eligible to seek compensation.

Q: Who are the defendants named in the DVLT lawsuit? A: The complaint names Datavault AI Inc. and individual defendants including senior executives who signed SEC filings, made public statements, or certified financial disclosures under Sarbanes-Oxley.

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: How do I know if I lost enough money to be the lead plaintiff? A: There is no minimum loss threshold. Courts generally appoint the investor with the largest provable loss who is willing and able to represent the class adequately. Contact Levi & Korsinsky before October 5, 2026 to evaluate lead plaintiff options.

Q: What if I live outside the United States? A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of the investor's country of residence.

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: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

[email protected]

Tel: (888) SueWallSt

Fax: (212) 363-7171

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SOURCE SueWallSt.com