Did You Lose Money Investing in Datavault AI Inc.? Robbins LLP Urges Investors with Significant Losses to Contact the Firm for Information About Their Rights Against DVLT

San Diego, California--(Newsfile Corp. - August 13, 2026) - Shareholder rights law firm Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Datavault AI Inc. (NASDAQ: DVLT) securities between September 4, 2024 and October 30, 2025.

Datavault AI is a data sciences technology company, owns and operates data management platforms with high computing capabilities in North America, Asia Pacific, Europe, and internationally.

Datavault was previously known as WiSA Technologies, Inc. On September 4, 2024, WiSA announced it had agreed to acquire the intellectual property of Data Vault Holdings, Inc. WiSA further announced that upon closing the acquisition, it intended to change its name to "Datavault AI Inc." The Company officially changed its name on February 13, 2025.

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Why Was Datavault Sued?

The complaint alleges that defendants misled investors regarding its business prospects and failed to disclose that:

1. defendants had overstated the economic value to Datavault AI of its various corporate partnerships with, inter alia, Burke, Scilex, and Nature's Miracle;
2. defendants had overstated the volume of trading activity on the Datavault Platform, which was in fact minimal;
3. the Company's undisclosed connections with Withrow, a convicted felon, when revealed, would cause Datavault AI to incur reputational harm; and
4. as a result, defendants' public statements were materially false and misleading at all relevant times.

Why Did Datavault AI's Stock Drop?

Plaintiff alleges that on October 31, 2025, Wolfpack Research published a short report concerning Datavault AI Inc. The report alleged, among other things, that Datavault was a "stock promotion" that relied on misleading press releases and "empty claims" concerning artificial intelligence, quantum computing, Web 3.0, and data monetization.

Wolfpack further alleged that Datavault's press releases were filled with promotional buzzwords that did not reflect the Company's actual business operations. The report also questioned the activity on the Company's blockchain marketplace, alleging that Datavault's platform had virtually no trading activity. In addition, Wolfpack raised concerns regarding Datavault's leadership and affiliations, including alleged connections involving a convicted felon.

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