---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-056022"
form_type: "8-K"
ticker: "SCLX"
cik: "0001820190"
company_name: "Scilex Holding Co"
filed_at: "2025-04-21T23:59:59+00:00"
generated_at: "2026-05-23T10:32:10.256915+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Scilex sub Semnur amends SPAC merger agreement after Denali Nasdaq delisting; outside date extended to Sept 30, 2025

## Summary
- Amendment dated April 16, 2025 modifies covenants to address Denali's de-listing from Nasdaq and subsequent quotation on OTC Markets.
- Denali must amend organizational documents to extend business combination deadline to December 11, 2025.
- Outside date for merger completion extended to September 30, 2025, or later if an extension amendment is in effect.
- Denali to use reasonable best efforts to list Parent Units, Class A Shares and Parent Warrants on OTC Markets after delisting.
- Merger agreement otherwise unchanged; Semnur remains wholly owned subsidiary of Scilex until closing.

## SEC filing metadata
- accession: 0000950170-25-056022
- form_type: 8-K
- ticker: SCLX
- cik: 0001820190
- company_name: Scilex Holding Co
- filed_at: 2025-04-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820190/000095017025056022/0000950170-25-056022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820190/000095017025056022/sclx-20250416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-056022
- JSON: https://secwatch.observer/filing/0000950170-25-056022.json
- Plain text: https://secwatch.observer/filing/0000950170-25-056022.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.