Datavault AI executes $120 million binding term sheet with Scilex for quantum-ready edge network expansion across 100 U.S. cities

Yahoo Finance AI · April 27, 2026

AI Summary

•Datavault AI and Scilex Holding Company have executed a binding term sheet in which Scilex will contribute $120,000,000 in cash to fund deployment of Datavault AI's quantum-ready edge network, including build-out, equipment, and related working capital.
•Scilex will receive 30% of gross revenues from the network until receiving $250,000,000 in aggregate payments, then 15% until aggregate payments reach $1,200,000,000, then 5% thereafter. The network deployment is estimated to span 100 cities in the United States with aggregate annual revenue potential of $10 billion to $100 billion.
•The network will leverage Available Infrastructure's fleet of micro edge data centers featuring the SanQtum stack, which includes zero trust networking, quantum-resilient encryption, private sovereign cloud, and GPUs for AI inference at the edge.

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