Datavault AI Inc. shares surged in pre-market trading on Monday following the company’s announcement that record shareholders as of November 25, 2025, will qualify for an airdrop of its Dream Bowl 2026 meme coins. The distribution, tied to the upcoming Dream Bowl XIV event scheduled for January 11, 2026, represents an unusual move by the data monetization and tokenization technology provider to reward its equity holders.
The announcement sparked immediate investor interest, with the stock climbing notably before regular market hours opened.
DVLT Extends Meme-Coin Airdrop Beyond Its Own Shareholders
DVLT shares rose as much as 2.75% in pre-market trading on Monday, November 25, 2025, according to reports. The stock closed the previous session at $1.74 and jumped to $2.55 during regular trading on Thursday, November 21, representing a substantial 46.55% gain.
As of the pre-market session on Monday at approximately 9:09 AM EST, shares were trading at $2.78, up an additional 9.02%. The Philadelphia-based company has seen significant volatility, with its 52-week range spanning from $0.25 to $4.10.
The Dream Bowl 2026 meme coins will be airdropped to Data Vault wallets following a payment date to be determined within 60 days of the November 25 record date. Recipients must opt in to the distribution, set up a digital wallet with Datavault AI, and provide required documentation.
Nasdaq informed the company it will not quote an ex-dividend date for the distribution, meaning investors must be shareholders of record on November 25 to qualify. The company emphasized that its Board of Directors retains the right to change the record date or revoke the distribution entirely based on solvency or surplus considerations.
Despite Rally, Core Financials Remain Deep in the Red
In an unusual gesture, Datavault AI also announced it will extend the meme coin airdrop to record holders of Scilex Holding Company common stock as of November 25. The company described this as a token of appreciation for Scilex’s relationship as a stockholder, licensing partner, and co-sponsor of the Dream Bowl XIV event.
Nasdaq indicated it would not make any announcement regarding this voluntary distribution for Scilex shareholders, though Datavault AI intends to proceed concurrently with its own shareholder distribution.
Scilex Holding Company stock initially surged as much as 18% in pre-market trading on the news but later reversed course, declining nearly 5% as the regular market open approached.
For DVLT, retail sentiment cooled from bullish to neutral over the past day despite the price gains. The company, which has a market capitalization of approximately $727 million, continues to report significant losses with a negative EPS of $0.38 and net income available to common shareholders of negative $94.24 million over the trailing twelve months.