secwatch.observer — SEC 8-K summary
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Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001193125-23-108354
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 completes $7.5M third convertible debenture tranche to Yorkville
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312523108354/0001193125-23-108354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312523108354/d498999d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-108354

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