Datavault AI shares plunge 50% after firm says it cannot access its bitcoin holdings
Company to restate financials, reducing reported assets by over $92 million
Shares of Datavault AI fell nearly 50 percent on Tuesday after the company disclosed in a regulatory filing that it had been unable to withdraw bitcoin from the Biconomy exchange since June and would have to restate its financial results. The stock closed at $0.067 with roughly 244 million shares traded.