Datavault AI Stock Hits New Lows Amid Shareholder Litigation Despite Major Purchase Order
Shares of Datavault AI Inc (NASDAQ:DVLT) fell to a new all-time low, down nearly 16% at $0.16 per share on Tuesday afternoon despite the company announcing an initial $100 million purchase order for its tokenization services. The deal marks the commercial launch of several platforms including NILvault and American Political Exchange, which integrate infrastructure from NYIAX, a recent acquisition by Datavault. The stock decline is attributed to ongoing shareholder litigation that has been weighing on investor sentiment. On September 9, Datavault announced it would vigorously defend itself against class-action securities claims, some of which echo allegations made in an October 2025 short-seller report from Wolfpack Research. The company is currently suing the firm for defamation. Despite these challenges, management reaffirmed its full-year revenue guidance of $200 million and highlighted infrastructure development as a core focus.
Tickers: $DVLT
Topics: purchase order announcement shareholder litigation stock price drop