Datavault AI faces class action after shares fall 19% on report

  • Berger Montague announces a class action against Datavault AI for investors.
  • Datavault shares fell 19%, from $2.52 to $2.03, on October 31, 2025.
  • Investors have until October 5, 2026, to seek lead plaintiff appointment.

Berger Montague PC has announced a class action lawsuit against Datavault AI Inc. on behalf of investors who purchased or acquired the company's securities from September 4, 2024, through October 30, 2025. The lawsuit alleges Datavault overstated the economic value of partnerships with Burke Products, Scilex Holding Company and Nature's Miracle Holding Inc., as well as trading activity on the Datavault Platform. It also alleges the company did not disclose connections to convicted felon Edward Withrow III and that those affiliations, together with CEO Nathaniel T. Bradley's prior charges from the SEC (U.S. Securities and Exchange Commission), created material reputational risks. The allegations followed a Wolfpack Research report published October 31, 2025, after which Datavault shares fell 19%, or $0.49, from $2.52 to $2.03. Eligible investors have until October 5, 2026, to seek appointment as lead plaintiff representative.

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