secwatch.observer — SEC 8-K summary
======================================

Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0001193125-23-004041
Event type: debt
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 facility with B. Riley; can sell shares at 98% of VWAP
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312523004041/0001193125-23-004041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312523004041/d371589d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-004041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer