---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-039238"
form_type: "8-K"
ticker: "SCLX"
cik: "0001820190"
company_name: "Scilex Holding Co"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:19:44.977442+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Scilex and B. Riley mutually terminate $500M Standby Equity Purchase Agreement

## Summary
- Termination effective February 16, 2024; mutual agreement of Scilex and B. Riley.
- SEPA dated January 8, 2023 provided for sale of up to $500M in common stock.
- No reason for termination disclosed; eliminates future equity draws under SEPA.
- No other material terms or penalties associated with termination mentioned.

## SEC filing metadata
- accession: 0001193125-24-039238
- form_type: 8-K
- ticker: SCLX
- cik: 0001820190
- company_name: Scilex Holding Co
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820190/000119312524039238/0001193125-24-039238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820190/000119312524039238/d790557d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-039238
- JSON: https://secwatch.observer/filing/0001193125-24-039238.json
- Plain text: https://secwatch.observer/filing/0001193125-24-039238.txt

## Key facts
- Material Agreements
  Scilex Holding Co terminated Standby Equity Purchase Agreement with B. Riley Principal Capital II, LLC valued at up to $500.0 million (effective 2024-02-16).
  - Action: termination
  - Agreement: equity purchase
  - Counterparty: B. Riley Principal Capital II, LLC
  - Value: up to $500.0 million
  - Effective: 2024-02-16
  source text: On February 16, 2024, Scilex Holding Company (the “Company”) and B. Riley Principal Capital II, LLC (“B. Riley”) mutually agreed to terminate the Standby Equity Purchase Agreement, dated as of January 8, 2023, between the Company and B. Riley (the “SEPA”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820190/000119312524039238/0001193125-24-039238-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.