Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal

Datavault AI's stock experienced a significant 50% drop after the company disclosed its inability to withdraw Bitcoin. This issue is directly tied to a $150 million agreement with Scilex, under which Scilex committed to acquiring shares of Datavault AI, with the payment specifically designated in Bitcoin. The operational challenge in accessing or transferring these Bitcoin funds appears to be a critical factor impacting Datavault AI's financial standing and market valuation.