{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-004041","form_type":"8-K","ticker":"SCLX","cik":"0001820190","company_name":"Scilex Holding Co","filed_at":"2023-01-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.772752+00:00","generated_at":"2026-06-20T18:09:40.608536+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Scilex enters $500M standby equity facility with B. Riley; can sell shares at 98% of VWAP","bullets":["Up to $500M of common stock may be sold to B. Riley at 98% of VWAP during pricing periods.","Commitment fee: 250,000 shares issued to B. Riley plus $10,000 structuring fee.","Facility available for 36 months after SEC declares registration statement effective.","Company controls timing and amount of advances; each advance limited by share volume and $4.87 price floor for exchange cap relief.","Unregistered shares issued under Section 4(a)(2); no public offering immediately."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-004041","json":"https://secwatch.observer/filing/0001193125-23-004041.json","markdown":"https://secwatch.observer/filing/0001193125-23-004041.md","text":"https://secwatch.observer/filing/0001193125-23-004041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820190/000119312523004041/0001193125-23-004041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820190/000119312523004041/d371589d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T18:09:40.608536+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ea0d234a9716fa16815793acc3db926433a61981","claim":"Scilex Holding Co entered into Standby Equity Purchase Agreement with B. Riley Principal Capital II, LLC valued at up to $500,000,000 (effective 2023-01-08).","evidence_excerpt":"On January 8, 2023, Scilex Holding Company (the “Company”) entered into a Standby Equity Purchase Agreement (the “Purchase Agreement”) with B. Riley Principal Capital II, LLC, a Delaware limited liability company (“B. Riley”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820190/000119312523004041/0001193125-23-004041-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"B. Riley Principal Capital II, LLC"},{"label":"Value","value":"up to $500,000,000"},{"label":"Effective","value":"2023-01-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}