Datavault AI is trading 6.6% down at $0.25 after September 3, 2026 coverage renewed attention on a securities class action alleging inflated partnership values, minimal platform trading activity, and undisclosed connections to a convicted felon.
- The lawsuit covers investors who purchased securities from September 4, 2024, through October 30, 2025.
- August 19 earnings reported second-quarter revenue of $6.7 million versus a $45 million forecast, with a $0.12-per-share loss.
- Broader software strength does not explain the decline.