Datavault (DVLT) entered into a Senior Secured Convertible Note financing agreement, with expected total gross proceeds of $15M after original issue discount of 10%, to be received in two closings. The initial close for $5M is expected this week; the second close for $10M is expected to occur 20 calendar days after the filing of a definitive information statement with the SEC disclosing receipt of written consent by the company’s stockholders approving the financing.
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