Datavault AI is set to meet the Nasdaq minimum bid‑price requirement on August 24, with its stock trading at roughly 68 % below the $1 threshold, and the exchange has not yet announced whether it will grant an extension or issue a delisting notice.
The most recent transaction price for DVLT was $0.3186 on August 21, per Nasdaq’s official quote feed, and every closing price from August 7 through August 21 has remained under $1.
In a filing dated February 27, Datavault disclosed that Nasdaq granted it until August 24 to restore compliance, which necessitates a closing bid of at least $1 for ten consecutive business days.
With only August 24 remaining in the compliance window, the sub‑$1 closing price on August 21 eliminates any realistic chance of achieving the required ten‑day cure.
Nasdaq now decides whether Datavault gets more time
Under Nasdaq’s compliance rules, a Capital Market issuer may obtain an additional 180 days if it satisfies the continued‑listing test for market‑value of publicly held shares and meets all other initial listing standards, except the bid‑price requirement.
The company must also submit a written notice to Nasdaq indicating its intent to cure the deficiency during the second period, potentially via a reverse stock split, which serves as a formal commitment to a possible remedy.
Datavault’s June‑quarter filing indicated $245.9 million in stockholders’ equity and 949.7 million shares outstanding as of August 19. At the August 21 price of $0.3186 per share, the equity value is approximately $302.6 million.
Total market value is not equivalent to Nasdaq’s unrestricted public‑float metric, and filings do not define the required numbers of holders or market makers; Nasdaq retains the authority to determine eligibility.
The timestamped SEC filing feed and Datavault’s press‑release index show no recent extension request or staff delisting determination as of the August 24 update.
The only relevant authority identified in the examined SEC filings is a 2025 authorization allowing a reverse split ranging from 1‑for‑5 to 1‑for‑20, to be completed before the 2025 annual meeting. No newer proxy or information statement granting additional authority has appeared in the SEC feed.
A reverse split would mechanically lower the share count while potentially lifting the per‑share price, but it does not generate intrinsic value, guarantee that the price stays above $1, or address Datavault’s broader capital requirements.
In May, Datavault agreed to sell 109.1 million shares at $0.55 each and reported $1.4 million in cash on hand, together with $79.96 million of operating cash outflows during the first half of the year. Recent reports link these financing pressures to the company’s proposed bank acquisition.
The critical signal now awaits a formal notice from the exchange or the company itself. An additional period would postpone the bid‑price test, whereas a Staff Delisting Determination would initiate the next listing process.
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