DVLT Shareholder Alert: Datavault AI Inc. Securities Class Action Lawsuit - Investors With Losses May Contact Levi & Korsinsky

Market Impact Alert: DVLT shares fell 19.44% in a single session after a short-seller report questioned the Company's announced partnerships and the level of activity on its blockchain data exchange.

NEW YORK, Sept. 16, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Datavault AI Inc. (NASDAQ: DVLT) that a class action has been filed on behalf of shareholders who purchased securities between September 4, 2024 and October 30, 2025. Submit your information now. You may also contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.

On October 31, 2025, DVLT shares dropped $0.49 per share, or 19.44%, closing at $2.03. The complaint alleges insiders sold 38,065,752 shares during the Class Period for more than $73.8 million in proceeds. The deadline to apply for lead plaintiff appointment is October 5, 2026.

How the Market Repriced DVLT in One Session

The single-day decline followed publication of a short-seller report by Wolfpack Research. The report characterized Datavault AI as a "stock promotion" built on "empty claims" involving artificial intelligence, quantum computing, Web 3.0, and data monetization, according to the action. Trading volume and price reaction that day form the basis of the alleged investor harm.

The Announcements the Market Reassessed

• A claimed $150 million strategic investment from Scilex Holding Company, announced September 25, 2025; the report noted Scilex held only $4.1 million in cash and cash equivalents.
• A claimed $2 million non-refundable license fee from Nature's Miracle Holding Inc., announced October 28, 2025; the report noted Nature's Miracle reported only $9,511 in cash in its most recent quarterly filing.
• A July 2025 defense partnership with Burke Products, which the report stated had never been awarded more than $4.5 million in contracts in any year since 2002 and had $3.1 million in 2025 awards.
• The $210 million intellectual property acquisition that transformed WiSA Technologies into Datavault AI.
• Alleged trading activity on the Datavault Platform that was "minimal, if not non-existent," per the report referenced in the action.

"When market-moving announcements are later questioned, the resulting single-session price decline can represent substantial harm to shareholders who purchased at inflated levels. The allegations here warrant close review by DVLT investors." -- Joseph E. Levi, Esq.

What Purchasers Should Review

The securities action was brought in the United States District Court for the Eastern District of Pennsylvania under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5. Plaintiffs contend that shareholders who bought during the Class Period paid prices that did not reflect the alleged facts about partnership economics and platform activity.

Find out if you might qualify to recover losses or call (212) 363-7500.

ABOUT THE FIRM — For over two decades, Levi & Korsinsky has represented shareholders in securities class actions. Ranked in ISS Top 50 for seven consecutive years. Investors who suffered losses have until October 5, 2026 to seek appointment as lead plaintiff.

Frequently Asked Questions About the DVLT Lawsuit

Q: How much did DVLT stock drop? A: Shares fell approximately 19.44%, a decline of $0.49 per share, closing at $2.03 after a short-seller report questioned the Company's announced partnerships, platform trading activity, and leadership background. Investors who purchased shares during the Class Period at artificially inflated prices and suffered losses may be eligible to seek compensation.

Q: What court was the DVLT class action filed in? A: The case was filed in the United States District Court for the Eastern District of Pennsylvania, governed by the Private Securities Litigation Reform Act of 1995.

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: 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 [email protected] or (212) 363-7500. No immediate action is required to remain eligible as an absent class member.

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: 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.\
Ed Korsinsky, Esq.\
33 Whitehall Street, 27th Floor\
New York, NY 10004\
[email protected]\
Tel: (212) 363-7500\
Fax: (212) 363-7171

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SOURCE Levi & Korsinsky, LLP