Scilex closes $10M bought deal of 5.88M shares + warrants; discloses ~$3.9M cash

Scilex Holding Co

Gross proceeds ~$10M from 5,882,353 shares and warrants at $1.70 combined price; warrants exercisable at $1.70 for 5 years.
Underwriters Rodman & Renshaw and StockBlock Securities have 30-day option for up to 882,352 additional shares/warrants.
Preliminary unaudited cash and equivalents of $3.921M as of Dec 31, 2023 disclosed in prospectus supplement.
Net proceeds to be used for working capital, commercialization, R&D, and possible acquisitions or debt repayment.
Offering closed on March 5, 2024; underwriting agreement contains 45-day lock-up and customary provisions.

item 1.01 item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Scilex Holding Co reported preliminary financial results for the quarter and the year ended December 31, 2023.

Period: the quarter and the year ended December 31, 2023
Result: preliminary results

Exact text from the filing

The Company disclosed in the Prospectus Supplement that as of December 31, 2023, it had approximately $3,921,000 in cash and cash equivalents. Because the Company's financial statements for the quarter and the year ended December 31, 2023 have not yet been finalized or audited, these preliminary statements regarding the Company's cash and cash equivalents are subject to change

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Scilex Holding Co entered into Underwriting Agreement with Rodman & Renshaw LLC and StockBlock Securities LLC (effective 2024-02-29).

Action: entry
Agreement: underwriting
Counterparty: Rodman & Renshaw LLC and StockBlock Securities LLC
Effective: 2024-02-29

Exact text from the filing

On February 29, 2024, Scilex Holding Company (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Rodman & Renshaw LLC and StockBlock Securities LLC, as the representatives (the “Representatives”) of the underwriters named in Schedule A thereto (the “Underwriters”).

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321 earnings releases filed in the last 30 days. Browse all earnings releases →

Scilex Holding Co filing history →

Source: SEC EDGAR

accession 0001193125-24-059255

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