secwatch.observer — SEC 8-K summary
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Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2023-10-11T23:59:59+00:00
Accession:  0001193125-23-254137
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scilex amends convertible debentures; maturity extended to March 2024, conversion price reset
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- Total outstanding principal of $9.05M under First and Second Convertible Debentures extended from Dec 2023 to Mar 2024.
- Default Conversion Price changed to 95% of lowest 5-day VWAP, with a floor of $0.50 per share.
- Amended repayment requires $1.59M installment on Oct 17, 2023; final $1.25M payment due Mar 15, 2024.
- Company waives all claims against Yorkville and releases related parties from any offsets or counterclaims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312523254137/0001193125-23-254137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312523254137/d439599d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-254137

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