dividend
confidence high
sentiment neutral
materiality 0.25
Scilex changes dividend record date to May 2, 2025 for preferred stock exchangeable into up to 10% of Semnur
Scilex Holding Co
- Dividend of Series 1 Mandatory Exchangeable Preferred Stock (exchangeable for up to 10% of Semnur Pharmaceuticals stake) record date moved from April 11 to May 2, 2025.
- Payment date to be set by Board within 60 days after new record date (no later than July 1, 2025).
- Board retains right to further change the record date or revoke the dividend prior to payment, including based on solvency analysis changes.
- Dividend apportioned pro rata among stockholders and certain other securityholders as of the new record date.