DVLT is trading 5.5% up today at $0.44, rebounding as the company announced significant new business initiatives. This follows a recent selloff tied to a $60 million share offering earlier in the month.
- Today, the company announced the creation of DelivMeds AI, a new digital health and pharmacy platform, marking its entry into the healthcare sector.
- Separately, Datavault AI signed boxing champion Tyson Fury as an international spokesperson to promote its Sports Illustrated Exchange partnership.
- These positive developments are helping the stock recover from a steep decline caused by dilution concerns following a $60 million share offering that closed around May 5th.