secwatch.observer — SEC 8-K summary
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Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001193125-23-030002
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scilex amends $500M standby equity purchase agreement with Yorkville
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312523030002/0001193125-23-030002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312523030002/d802493d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-030002

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