secwatch.observer — SEC 8-K summary
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Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0001193125-23-097796
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scilex closes second $7.5M convertible debenture tranche with Yorkville
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312523097796/0001193125-23-097796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312523097796/d429390d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-097796

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