DVLT DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Datavault AI Investors of Securities Class Action Lawsuit Deadline on October 5, 2026

NEW YORK--(BUSINESS WIRE)--Aug 5, 2026--

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Datavault AI Inc. ("“Datavault AI” or the “Company”) (NASDAQ: DVLT) and reminds investors of the October 5, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing 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; (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.

On October 31, 2025, Wolfpack Research published a short report on Datavault AI alleging, among other things, that Datavault AI was a "stock promotion" that relied on misleading press releases and "empty claims" concerning artificial intelligence, quantum computing, Web 3.0, and data monetization, and raising concerns about the Company's partnerships, blockchain platform trading activity, and leadership affiliations with a convicted felon. On this news, Datavault AI's stock price fell $0.49 per share, or 19.44%, to close at $2.03 per share on October 31, 2025.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Datavault AI’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Datavault AI class action, go to www.faruqilaw.com/DVLT or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Frequently Asked Questions (FAQ) for Investors Regarding the Datavault AI Securities Class Action Lawsuit:

What is the Datavault AI securities fraud lawsuit about?

Faruqi & Faruqi, LLP has filed a securities class action lawsuit alleging that Datavault AI Inc. (NASDAQ: DVLT) and certain of its officers and directors made materially false and misleading statements during the Class Period. The complaint alleges that Defendants overstated the economic value of Datavault AI's corporate partnerships, including those with Burke, Scilex, and Nature's Miracle. The lawsuit further alleges that Defendants overstated the volume of trading activity on the Datavault Platform, which was allegedly minimal, and that the Company concealed its connections to an individual named Withrow, allegedly a convicted felon, whose undisclosed affiliation with the Company would, when revealed, cause reputational harm. On October 31, 2025, Wolfpack Research published a short-seller report raising these and related concerns, including allegations that Datavault AI was a "stock promotion" relying on misleading claims regarding artificial intelligence, quantum computing, Web 3.0, and data monetization, following which the Company's stock price allegedly declined $0.49 per share, or approximately 19.44%, to close at $2.03 per share.

Who may be eligible to participate in the lawsuit?

Investors who purchased or otherwise acquired Datavault AI Inc. (NASDAQ: DVLT) securities on the NASDAQ exchange between September 4, 2024 and October 30, 2025, inclusive, may be eligible to participate in this class action lawsuit. Eligibility to participate is not limited to investors who seek appointment as lead plaintiff; any qualifying class member may be entitled to share in any recovery that may be obtained. Investors are encouraged to review their trading records to determine whether their purchases fall within the defined Class Period. If you believe you may be a class member, you may wish to consult with counsel to understand your rights and options.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is a court-appointed representative who serves on behalf of all class members and plays an active role in directing the litigation, including working with counsel to make key strategic decisions in the case. Under the Private Securities Litigation Reform Act, any investor who purchased Datavault AI securities during the Class Period may move the court for appointment as lead plaintiff. The deadline to file a motion for appointment as lead plaintiff is October 5, 2026. Importantly, an investor does not need to seek appointment as lead plaintiff to participate in the lawsuit or to share in any recovery that may result from the action. Class members who do not seek lead plaintiff status will still be represented by lead counsel and may be entitled to participate in any settlement or judgment obtained.

What should investors do if they purchased Datavault AI stock during the Class Period?

Investors who purchased Datavault AI Inc. (NASDAQ: DVLT) securities between September 4, 2024 and October 30, 2025 are encouraged to review their brokerage and trading records to confirm whether their transactions fall within the Class Period. It is advisable to preserve all documentation related to those purchases, including trade confirmations, account statements, and any communications or materials that may be relevant to the allegations described in the complaint. Investors should evaluate their legal options in light of the October 5, 2026 lead plaintiff deadline, as that date governs the right to seek appointment as lead plaintiff, though participation in any potential recovery is not contingent on serving in that role. Faruqi & Faruqi, LLP is available to consult with investors regarding the allegations, their rights, and the options available to them prior to that deadline.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Datavault AI securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

DVLT DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Datavault AI Investors of Securities Class Action Lawsuit Deadline on October 5, 2026

Tensions are rising in Lebanon, while U.S. President Donald Trump says a deal could be reached soon to reopen the Strait of Hormuz.

Here's a look at the latest developments in the Iran war and the wider Middle East on Wednesday. Full coverage can be found here.

For the first time in weeks, Israel's military told residents of an area of Lebanon to evacuate. The military said the warning for the village of Mansouri was in response to what it described as “a blatant violation of the ceasefire” by the Iran-backed Hezbollah militant group.

The military later said it was conducting “precise strikes” in southern Lebanon. Lebanon’s Health Ministry said one person was killed and 12 wounded in an Israeli strike in the town of Tebnine.

The escalation came as Lebanese and Israeli negotiators met in Rome for a second day to discuss implementation of a deal under which Israeli forces are supposed to withdraw from areas they occupy in southern Lebanon in exchange for Hezbollah's disarmament.

A State Department official, speaking on condition of anonymity to discuss the sensitive diplomacy, said the second day of talks ended early “due to events on the ground” but could continue on Thursday.

A shaky ceasefire between Israel and Hezbollah has largely held since June 20. The fighting erupted two days after the Iran war began when Hezbollah fired at Israel.

— Matthew Lee in Washington

Iran said Wednesday it's in the “final stage” of drafting an agreement with Oman over the Strait of Hormuz, and Trump said on Tuesday night that a deal could be announced this week. That could potentially reopen the critical waterway, ease pressure on the world economy and help bring an end to the war.

But the agreement is likely to be contingent on the United States lifting its blockade on Iran’s ports. The Trump administration has previously ruled out any deal that would cement Iran’s grip over the strait, which would amount to a major loss for the U.S. and a break with global norms.

Iran has insisted on some measure of control over the strait, saying it will not go back to being an open international waterway, as it was before the war.

The Iran-backed Houthi rebels in Yemen said they fired ballistic missiles at two Saudi oil tankers, one in the Red Sea and the other further east, in the Gulf of Aden. They did not provide evidence and there was no immediate comment from Saudi Arabia.

A vessel sailing off Yemen in the Gulf of Aden reported a loud explosion nearby, the British military’s United Kingdom Maritime Trade Operations center said, adding that the crew was safe.

In July, the Houthis announced a blockade of Saudi shipping, putting at risk another key world trade route running through the Bab el-Mandeb strait, which links the Red Sea with the Gulf of Aden.

Saudi Arabia has diverted millions of barrels of oil exports to the Red Sea since the Iran war choked off the Strait of Hormuz, on the other side of the Arabian Peninsula.

The U.S. has lifted sanctions on three Iran-linked companies. A Treasury official said it came after an appeal and was not indicative of any shift in U.S. policy toward the Islamic Republic. The official spoke on condition of anonymity to preview the sanctions.

One company is Fly Baghdad Airlines, sanctioned in January 2024 for allegedly providing assistance to Iran’s Revolutionary Guard and Iran-backed armed groups in Iraq, Syria and Lebanon. Sanctions also were lifted on Iraq Express and another Fly Baghdad-linked firm.

— Fatima Hussein in Washington

A Lebanese man reads a copy of the Quran inside a damaged house in the village of Zawtar al-Gharbieh, south Lebanon, Wednesday, Aug. 5, 2026. (AP Photo/Mohammed Zaatari)

A Lebanese man checks a destroyed house in the village of Zawtar al-Gharbieh, south Lebanon, Wednesday, Aug. 5, 2026. (AP Photo/Mohammed Zaatari)

Israeli military vehicles, left, are seen stationed among homes in the village of Zawtar al-Sharqiyah, occupied by Israeli forces, is seen from the southern village of Zawtar al-Gharbieh, Lebanon, Wednesday, Aug. 5, 2026. (AP Photo/Mohammed Zaatari)

A Lebanese man removes debris from his destroyed house in the village of Zawtar al-Gharbieh, south Lebanon, Wednesday, Aug. 5, 2026. (AP Photo/Mohammed Zaatari)

A Lebanese man points to Hebrew writing left by Israeli soldiers inside his destroyed home in the village of Zawtar al-Gharbieh, southern Lebanon, Wednesday, Aug. 5, 2026.(AP Photo/Mohammed Zaatari)