Datavault AI entered into a Guaranteed Bridge Loan Agreement to support merger-related costs for its pending combination with NYIAX. The facility provides up to $833,333 with a 10% original issue discount and a 13% annual interest rate, rising to 18% upon default. Proceeds will fund transaction expenses, legal and regulatory costs, employee obligations, and working capital. The loan matures on Sep 11, 2026, and the entire balance becomes immediately due at merger closing, to be repaid within three days.
Agreement details:
- Agreement type: Guaranteed short-term bridge loan facility (up to $833,333, 10% OID, 13% interest)
- Counterparty: Abri Capital; NYIAX
- Signed / Effective: Jul 17 2026 / same
- Duration / Termination: Until Sep 11 2026 or 3 days after merger closing
- Reason: Fund merger expenses and working capital for closing
Original SEC Filing:
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