secwatch.observer — SEC 8-K summary
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Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0001193125-22-287974
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scilex enters $500M standby equity purchase agreement with Yorkville
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- Up to $500M of common stock may be sold to Yorkville over 36 months at 98% of lowest daily VWAP over 2-day pricing period.
- Commitment fee of 250,000 shares and $10,000 paid to Yorkville; shares issued under Section 4(a)(2) exemption.
- Advances limited by 4.99% ownership cap and 19.9% exchange cap (waived if stock price >= $8.77 or shareholder approval).
- No obligation to draw; no minimum advances or non-usage fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312522287974/0001193125-22-287974-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312522287974/d401087d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-287974

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