dividend
confidence high
sentiment neutral
materiality 0.50
Scilex changes record date for preferred stock dividend from Jan 28 to Apr 11, 2025
Scilex Holding Co
- New record date for Dividend of Series 1 Mandatory Exchangeable Preferred Stock is April 11, 2025 (previously Jan 28).
- Payment date to be within 60 days after new record date, no later than June 10, 2025.
- Dividend exchangeable for up to 10% of Scilex's ownership in wholly owned subsidiary Semnur Pharmaceuticals.
- Payment conditioned on Board not revoking dividend prior to Payment Date, including solvency analysis.
- Board retains right to further change record date at any time before actual payment.