Datavault hits Nasdaq deadline 68% below $1 as extension or delisting decision looms

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Datavault AI has reached the Nasdaq minimum bid price deadline on August 24, with DVLT trading at $0.3186, which is 68% below the required $1 threshold. The exchange can grant another 180-day cure period if the company meets other listing standards and commits to a reverse stock split. Datavault reported $245.9 million in stockholders’ equity and $1.4 million in cash at the end of the second quarter, while operating cash use totaled $79.96 million for the first half. No extension or delisting decision had been disclosed by the deadline, with the next formal announcement expected from Nasdaq or the company.

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