Woofun AI reports that Datavault AI confronted its critical Aug. 24 Nasdaq deadline with DVLT trading significantly below the $1 threshold, leaving the firm without a viable cure path and facing an imminent delisting notice.

The statistical failure is stark, with the stock plunging 68% below the required level. According to Nasdaq's official quote feed, the last sale price on Aug. 21 was $0.3186. Nasdaq historical data confirmed that every closing bid from Aug. 7 through Aug. 21 remained under $1, effectively eliminating the possibility of completing a new 10-day closing-bid cure within the remaining window.

Woofun AI data shows that procedurally, the company must submit written notice to Nasdaq detailing its intent to cure the deficiency during the second period, potentially via a reverse stock split. While such a split would mechanically reduce the share count and raise the per-share price, it creates no economic value, guarantees nothing regarding the $1 floor, and fails to address Datavault's separate capital needs.

The final outcome hinges on a formal exchange or company notice. An additional period would merely postpone the bid-price test, whereas a Staff Delisting Determination would initiate the next listing process.