---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-108354"
form_type: "8-K"
ticker: "SCLX"
cik: "0001820190"
company_name: "Scilex Holding Co"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:42:18.024565+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Scilex completes $7.5M third convertible debenture tranche to Yorkville

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-108354
- form_type: 8-K
- ticker: SCLX
- cik: 0001820190
- company_name: Scilex Holding Co
- filed_at: 2023-04-20T23:59:59+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/1820190/000119312523108354/0001193125-23-108354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820190/000119312523108354/d498999d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-108354
- JSON: https://secwatch.observer/filing/0001193125-23-108354.json
- Plain text: https://secwatch.observer/filing/0001193125-23-108354.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820190/000119312523108354/0001193125-23-108354-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820190/000119312523108354/0001193125-23-108354-index.htm

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