A securities class action has been filed on behalf of investors who purchased or otherwise acquired Datavault AI Inc. securities between September 4, 2024, and October 30, 2025. A Sept. 16, 2026, announcement from The Law Offices of Frank R. Cruz alleges that defendants deceived investors and artificially inflated and maintained Datavault AI securities prices, causing class members to acquire securities and options at inflated levels. Levi & Korsinsky previously described allegations that Datavault AI misrepresented the value of corporate partnerships and activity on the Datavault Platform. The allegations followed an October 31, 2025, short-seller report by Wolfpack Research, after which DVLT shares fell $0.49, or 19.44%, to close at $2.03. The complaint cites questions surrounding arrangements with Scilex Holding Company, Nature's Miracle Holding Inc. and Burke Products, the company's $210 million intellectual property acquisition and alleged insider sales of 38,065,752 shares for more than $73.8 million. Investors seeking lead-plaintiff status must apply by October 5, 2026.