The Meme Coin is a digital collectible intended solely for personal, non-commercial use in connection activities related to the Dream Bowl 2026 event such as merchandise lotteries following the Payment Date. The Meme Coin does not: (a) represent or confer any equity, voting, dividend, profit-sharing, or ownership rights in Datavault or any other entity; (b) provide any right to receive monetary payments, distributions, or appreciation; or (c) create any expectation of profit or reliance on the managerial or entrepreneurial efforts of Datavault or others. The Meme Coin is not designed or intended to function as an investment, currency, or financial product, and it is not being offered, sold, or distributed for fundraising or capital-raising purposes. Use of the Meme Coin is limited to entertainment, event-access, and digital-collectible functions. Any transferability features are provided solely to support personal digital item portability and not to facilitate or imply investment or speculative use.

On December 29, 2025, Datavault announced that its board of directors declared a dividend (“Distribution”) of one Dream Bowl Meme Coin II token (such token, the “Meme Coin”) for every 60 shares of the Datavault’s common stock, par value $0.0001 per share (the “Datavault Common Stock”), held or deemed to be held by certain Datavault equityholders for purposes of the Distribution pursuant to certain contractual rights of the holders of the following equity securities of Datavault, in each case as of the close of business on the Record Date (as defined below):

• (i) Datavault Common Stock (“Record Datavault Common Holders”),
• (ii) certain warrants to purchase Datavault Common Stock that have the right to participate in the Distribution pursuant to their respective terms (such warrants, the “Record Datavault Warrants” and such record holders, the “Record Datavault Warrant Holders”),
• (iii) certain convertible promissory notes of Datavault that have the right to participate in the Distribution pursuant to their respective terms (such notes, the “Record Datavault Notes” and such record holders, the “Record Datavault Note Holders”), and
• (iv) certain equity awards and/or grants that are issued and outstanding as of the Record Date and which were granted under Datavault’s stock option plan, stock incentive plan or other equity incentive plans that have not been exercised or converted and settled (or, in the case of restricted stock awards, that have not yet vested) as of the Record Date that are entitled to participate in the Distribution pursuant to the terms of their respective awards and/or grants (such awards or grants, the “Record Datavault Awards” and such record holders, the “Record Datavault Award Holders” and together with the Record Datavault Common Holders, the Record Datavault Warrant Holders, and the Record Datavault Note Holders, the “Record Holders”).

The preceding Datavault securities held by the Record Holders as of the Record Date are collectively referred to herein as the “Datavault Securities”.

The record date for determining the Record Holders who are entitled to receive Meme Coins was January 7, 2026 (the “Record Date”), subject to the right of the Board of Directors of Datavault (the “Datavault Board”) to change the Record Date to a later date.

The Distribution will be paid beginning on February 27, 2026 (“Payment Date”), subject to the right of the Datavault Board to change the Payment Date to a later date or to revoke the Distribution entirely prior to the Payment Date.

You must set up a digital wallet with Datavault® AI into which Meme Coins can be delivered on or after the Payment Date.  You will not be required to create a new digital wallet if you already have an existing wallet.

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If you are a Datavault Record Common Holder, then you will receive one Meme Coin for every 60 shares of Datavault Common Stock held (or underlying the applicable Datavault Securities held) by you as of the close of business on the Record Date.

If you are a Record Datavault Warrant Holder, Record Datavault Note Holder or Record Datavault Award Holder, you will receive one Meme Coin for every 60 shares of Datavault Common Stock underlying the applicable Datavault Securities held by you as of the close of business on the Record Date, as determined pursuant to the terms of the applicable Datavault Security you hold.

If you are a Record Holder and hold (a) fewer than 60 shares of Common Stock (or shares of Common Stock underlying the applicable Datavault Securities held) as of the Record Date, you will not be entitled to receive any Meme Coins or (b) more than 60 shares of Common Stock (or shares of Common Stock underlying the applicable Datavault Securities held) as of the Record Date in increments of other than 60 shares, you will be entitled to receive only such number of Meme Coins as is determined by dividing the number of shares of Common Stock (or shares of Common Stock underlying the applicable Datavault Securities held) held by you as of the Record Date by 60 (rounding down to the nearest increment of 60 shares). By way of example, if you hold 125 shares of Common Stock as of the Record Date, you will only be entitled to receive two Meme Coins (i.e., one Meme Coin in respect of each 60 shares of Common Stock (or shares of Common Stock underlying the applicable Datavault Securities held) held as of the Record Date).

No, there will not be fees associated with opening a digital wallet with Datavault® AI.

Yes, non-U.S. Record Holders are eligible to participate in the Distribution on the same terms and conditions as U.S. Record Holders, including as set forth in the Opt-In Agreement and this FAQ.