{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-239551","form_type":"8-K","ticker":"SCLX","cik":"0001820190","company_name":"Scilex Holding Co","filed_at":"2023-09-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.437211+00:00","generated_at":"2026-06-10T11:04:19.516891+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Scilex terminates $118.6M convertible note deal with Hudson Bay, settles with stock issuance","bullets":["Terminated $118.6M convertible debenture and 33.4M warrant deal; parties released all claims.","To issue shares worth $255K to Cove Lane and $495K to HBC by Dec 31, 2023 or after Sorrento stock sale.","Cove Lane gets 11.22% and HBC 21.78% participation in future equity/debt financings until Jan 13, 2024.","Shares issued under Regulation D, exempt from registration; registration rights on Form S-1/S-3."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-239551","json":"https://secwatch.observer/filing/0001193125-23-239551.json","markdown":"https://secwatch.observer/filing/0001193125-23-239551.md","text":"https://secwatch.observer/filing/0001193125-23-239551.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820190/000119312523239551/0001193125-23-239551-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820190/000119312523239551/d554572d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T11:04:19.516891+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5990e0d1f5b5948796a8edd82dee9c2e81dd8991","claim":"Scilex Holding Co entered into Settlement Agreement with Cove Lane Onshore Fund, LLC, HBC Investments LLC, Hudson Bay Capital Management LP valued at $255,000 and $495,000 (effective 2023-09-15).","evidence_excerpt":"On September 15, 2023, Scilex Holding Company (the “ Company ”), Cove Lane Onshore Fund, LLC (“ Cove Lane ”), HBC Investments LLC (“ HBC ” and together with Cove Lane, the “ Investors ” and each an “ Investor ”) and Hudson Bay Capital Management LP (“ Hudson Bay ” and collectively with the Investors, the “ Hudson Bay Parties ” and each a “ Hudson Bay Party ”) entered into a settlement agreement (the “ Settlement Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820190/000119312523239551/0001193125-23-239551-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Cove Lane Onshore Fund, LLC, HBC Investments LLC, Hudson Bay Capital Management LP"},{"label":"Value","value":"$255,000 and $495,000"},{"label":"Effective","value":"2023-09-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}