---
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"
generated_at: "2026-06-20T18:09:40.608536+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Scilex enters $500M standby equity facility with B. Riley; can sell shares at 98% of VWAP

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-004041
- JSON: https://secwatch.observer/filing/0001193125-23-004041.json
- Plain text: https://secwatch.observer/filing/0001193125-23-004041.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: B. Riley Principal Capital II, LLC
  - Value: up to $500,000,000
  - Effective: 2023-01-08
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1820190/000119312523004041/0001193125-23-004041-index.htm

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