The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired Datavault AI, Inc. (“Datavault AI” or the “Company”) (NASDAQ: DVLT) common stock between September 4, 2024 and October 30, 2025, inclusive (the “Class Period”). Datavault AI, Inc. investors have until October 5, 2026 to file a lead plaintiff motion.

IF YOU SUFFERED A LOSS ON YOUR DATAVAULT AI, INC. (DVLT) INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.

You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at info@frankcruzlaw.com, by telephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com.

What Happened?

October 31, 2025, Wolfpack Research published a report concerning Datavault AI alleging, among other things, that Datavault AI’s purported partnerships with, inter alia, Burke Products, Scilex Holding Company, and Nature’s Miracle Holding Inc. could not offer the economic upside that the Company claimed they would, in part because these companies lacked the resources to fulfill their purported commitments pursuant to the partnerships Datavault AI had announced. The Wolfpack Report further stated that the Datavault Platform was far less active than the Company’s public statements suggested, “[t]rading activity on the platform appears to be minimal, if not non-existent.”

On this news, Datavault AI’s stock price fell $0.49 per share, or 19.44%, to close at $2.03 per share on October 31, 2025, thereby injuring investors.

What Is The Lawsuit About?

The complaint filed in this class action alleges that between September 4, 2024 and October 30, 2025, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (i) Defendants deceived the investing public, including Plaintiff and other Class members, as alleged herein; (ii) artificially inflate and maintain the market price of Datavault AI securities; and (iii) cause Plaintiff and other members of the Class to purchase or otherwise acquire Datavault AI securities and options at artificially inflated prices. In furtherance of this unlawful scheme, plan and course of conduct, Defendants, and each of them, took the actions set forth herein.

Contact Us To Participate or Learn More:

If you purchased Datavault common stock, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE or contact us at:

Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, CA 90067
Telephone: 310-914-5007
Email: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com

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View source version on businesswire.com: https://www.businesswire.com/news/home/20260820164505/en/

Law Offices of Frank R. Cruz Encourages Datavault AI, Inc. (DVLT) Shareholders To Inquire About Securities Fraud Class Action