secwatch.observer — SEC 8-K summary
======================================

Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001193125-23-176273
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scilex subsidiary enters $30M revolving credit facility with eCapital Healthcare
--------------------------------------------------------------------------------

- Revolver up to $30M; interest at Prime + 1.50%; matures July 1, 2026.
- Secured by accounts receivable; Scilex Holding guarantees obligations.
- Covenant: maintain $1M cash plus availability; default if Scilex fails to raise $75M debt/equity by Sept 30, 2023.
- Early termination fee of 0.50% if prepaid and terminated before first anniversary.
- Proceeds for transaction fees, working capital, and other permitted uses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312523176273/0001193125-23-176273-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312523176273/d443585d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-176273

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer