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Scilex signs term sheet with Datavault AI for $120 million edge GPU network buildout

PUBT·04/28/2026 21:06:11
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Scilex signs term sheet with Datavault AI for $120 million edge GPU network buildout
  • Scilex entered a binding term sheet on April 26, 2026 with Datavault AI for a proposed cash contribution and revenue participation arrangement.
  • Scilex expects to contribute USD 120 million in multiple closings, with final closing due by Dec. 31, 2026.
  • Funds are earmarked to deploy Datavault quantum-ready GPU infrastructure across about 100 US cities.
  • Datavault would pay Scilex 30% of network gross revenue until payments reach USD 250 million.
  • Revenue share would step down to 15% until cumulative payments reach USD 1.2 billion, then 5% for remaining GPU life.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scilex Holding Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-187620), on April 28, 2026, and is solely responsible for the information contained therein.