---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-097796"
form_type: "8-K"
ticker: "SCLX"
cik: "0001820190"
company_name: "Scilex Holding Co"
filed_at: "2023-04-11T23:59:59+00:00"
generated_at: "2026-06-17T03:44:34.960460+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Scilex closes second $7.5M convertible debenture tranche with Yorkville

## Summary
- Issued $7.5M convertible debenture to YA II PN (Yorkville) as second tranche under $25M facility.
- Debenture bears 7.00% interest, matures Dec 21, 2023; convertible at $8.00/share.
- Conversion limited by 4.99% beneficial ownership cap and 19.9% exchange cap (unless stockholder approval).
- Company has optional redemption right at 110% of principal if stock price below conversion price.
- Registration statement (Form S-1) filed for resale of conversion shares.

## SEC filing metadata
- accession: 0001193125-23-097796
- form_type: 8-K
- ticker: SCLX
- cik: 0001820190
- company_name: Scilex Holding Co
- filed_at: 2023-04-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820190/000119312523097796/0001193125-23-097796-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820190/000119312523097796/d429390d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-097796
- JSON: https://secwatch.observer/filing/0001193125-23-097796.json
- Plain text: https://secwatch.observer/filing/0001193125-23-097796.txt

## Key facts
- Material Agreements
  Scilex Holding Co entered into Second Convertible Debenture with YA II PN, Ltd. valued at $7,500,000 (effective 2023-04-11).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: YA II PN, Ltd.
  - Value: $7,500,000
  - Effective: 2023-04-11
  source text: On April 11, 2023, the Company consummated the second closing (the “Second Closing”). In connection with the Second Closing, the Company issued a second convertible debenture dated April 11, 2023 (the “Second Convertible Debenture”) to Yorkville in the principal amount of $7,500,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820190/000119312523097796/0001193125-23-097796-index.htm

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