secwatch.observer — SEC 8-K summary
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Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0000950170-25-035963
Event type: dividend
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scilex changes record date for preferred stock dividend from Jan 28 to Apr 11, 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000095017025035963/0000950170-25-035963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000095017025035963/sclx-20250310.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-035963

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