---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-030002"
form_type: "8-K"
ticker: "SCLX"
cik: "0001820190"
company_name: "Scilex Holding Co"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T20:47:46.502524+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Scilex amends $500M standby equity purchase agreement with Yorkville

## Summary
- Amended agreement dated Feb 8, 2023 replaces original Nov 17, 2022 standby equity purchase agreement with YA II PN, Ltd. (Yorkville).
- Company retains right to sell up to $500M of common stock to Yorkville at 98% of same-day VWAP; no mandatory draws or non-usage fees.
- Yorkville's ownership capped at 4.99%; exchange cap of 19.9% of shares outstanding as of original agreement date, unless minimum price condition met.
- No advances made under original or amended agreement; initial registration statement on Form S-1 declared effective Dec 9, 2022.
- Securities issued in reliance on Section 4(a)(2) exemption for unregistered sales to accredited investor.

## SEC filing metadata
- accession: 0001193125-23-030002
- form_type: 8-K
- ticker: SCLX
- cik: 0001820190
- company_name: Scilex Holding Co
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820190/000119312523030002/0001193125-23-030002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820190/000119312523030002/d802493d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-030002
- JSON: https://secwatch.observer/filing/0001193125-23-030002.json
- Plain text: https://secwatch.observer/filing/0001193125-23-030002.txt

## Key facts
- Material Agreements
  Scilex Holding Co amended Amended and Restated Standby Equity Purchase Agreement with YA II PN, LTD. valued at up to $500,000,000 (effective 2023-02-08).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: YA II PN, LTD.
  - Value: up to $500,000,000
  - Effective: 2023-02-08
  source text: On February 8, 2023, the Company entered into an Amended and Restated Standby Equity Purchase Agreement with Yorkville (the “Amended and Restated Purchase Agreement”), amending, restating and superseding the Original Purchase Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820190/000119312523030002/0001193125-23-030002-index.htm

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