Scilex shareholders approve reverse stock split within 1:14 to 1:50 range

Scilex Holding Co

Shareholders approved reverse stock split of common stock at ratio between 1:14 and 1:50; board to set final ratio by March 19, 2026.
Proposal received 151.1M votes for, 49.2M against, 1.6M abstentions, representing ~75% approval of votes cast.
Adjournment proposal also passed (151.8M for, 47.3M against) but was not necessary.
All 29.1M Series A preferred shares, voting on as-converted basis, were represented and voted in favor.

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