Scilex Holding Co (SCLX): debt financing — Scilex completes $7.5M third convertible debenture tranche to Yorkville

Scilex Holding Co

Closed third $7.5M convertible debenture tranche to Yorkville on April 20, 2023, completing the $25M facility.
Debenture carries 7.00% annual interest, matures December 21, 2023, and is convertible at $8.00 per share.
Company has optional redemption right if stock price falls below conversion price, with a 10% redemption premium.
Registration statement for resale of conversion shares declared effective on April 19, 2023.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Scilex Holding Co incurred convertible notes of $7,500,000 with YA II PN, Ltd. at 7.00% maturing December 21, 2023.

Instrument: convertible notes
Principal: $7,500,000
Counterparty: YA II PN, Ltd.
Rate: 7.00%
Maturity: December 21, 2023
Event: incurrence

Exact text from the filing

On April 20, 2023, the Company consummated the Third Closing and issued a third convertible debenture dated as of such date (the "Third Convertible Debenture") to Yorkville in the principal amount of $7,500,000.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Scilex Holding Co entered into Third Convertible Debenture with YA II PN, Ltd. ("Yorkville") valued at $7,500,000 (effective 2023-04-20).

Action: entry
Agreement: notes offering
Counterparty: YA II PN, Ltd. ("Yorkville")
Value: $7,500,000
Effective: 2023-04-20

Exact text from the filing

the Company consummated the Third Closing and issued a third convertible debenture dated as of such date (the “Third Convertible Debenture”) to Yorkville in the principal amount of $7,500,000.

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10 debt financings filed in the last 30 days. Browse all debt financings →

Scilex Holding Co filing history →

Source: SEC EDGAR

accession 0001193125-23-108354

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