Scilex enters $170M at-the-market equity offering with B. Riley, Cantor, H.C. Wainwright

Scilex Holding Co

Entered Sales Agreement to sell up to $170M of common stock via at-the-market offerings through the Sales Agents.
Sales Agents (B. Riley, Cantor, H.C. Wainwright) earn 3.0% commission; Company may reimburse certain expenses.
Proceeds for working capital, commercialization, R&D, acquisitions, debt repayment.
Offering under shelf registration statement; Company not obligated to sell any shares.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Scilex Holding Co entered into Sales Agreement with B. Riley Securities, Inc., Cantor Fitzgerald & Co. and H.C. Wainwright & Co., LLC valued at Up to $170,000,000 in shares of common stock may be sold from time to time through or to the Sales A (effective 2023-12-22).

Action: entry
Agreement: atm program
Counterparty: B. Riley Securities, Inc., Cantor Fitzgerald & Co. and H.C. Wainwright & Co., LLC
Value: Up to $170,000,000 in shares of common stock may be sold from time to time through or to the Sales A
Effective: 2023-12-22

Exact text from the filing

On December 22, 2023, Scilex Holding Company (the “Company”) entered into that certain Sales Agreement, dated December 22, 2023 (the “Sales Agreement”), by and among the Company, B. Riley Securities, Inc., Cantor Fitzgerald & Co. and H.C. Wainwright & Co., LLC (the “Sales Agents”).

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Source: SEC EDGAR

accession 0001193125-23-302132

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