Datavault AI still can't withdraw its Bitcoin from Biconomy and the stock got cut in half to $0.06. Four financial reports need restating, reported assets drop by up to $92.2M, and management is reass

What happened: Datavault AI shares fell 49.55% to $0.067 on Oct. 27 after an SEC filing said the company has been unable to complete a June request to withdraw Bitcoin from Biconomy. The company will restate four financial reports. Key numbers: Shares closed at $0.06, down more than 50%. Restatements cut total assets by up to $92.2 million. Why it matters: Datavault had counted the Bitcoin as liquidity, so management is reassessing its going-concern status, and the filing says collection of amounts owed by Scilex is uncertain. Coverage: 3 outlets in 24h

Datavault AI shares fell 49.55% to $0.067 on Oct. 27 after an SEC filing said the company has been unable to complete a June request to withdraw Bitcoin from Biconomy. The company will restate four financial reports.

Datavault had counted the Bitcoin as liquidity, so management is reassessing its going-concern status, and the filing says collection of amounts owed by Scilex is uncertain.