Scilex terminates $500M equity facility with Yorkville effective March 25

Scilex Holding Co

Mutual termination of Amended and Restated Standby Equity Purchase Agreement with YA II PN, LTD. (Yorkville).
SEPA allowed sale of up to $500M of common stock; facility is now canceled.
No reason for termination disclosed; removes a key equity financing source.
Termination effective immediately as of March 25, 2024.

Key facts

Extracted from this filing and checked against the source text.

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

Scilex Holding Co terminated Amended and Restated Standby Equity Purchase Agreement with YA II PN, LTD. valued at $500,000,000 (effective 2024-03-25).

Action: termination
Agreement: equity purchase
Counterparty: YA II PN, LTD.
Value: $500,000,000
Effective: 2024-03-25

Exact text from the filing

On March 25, 2024, Scilex Holding Company (the “Company”) and YA II PN, LTD. (“Yorkville”) mutually agreed to terminate the Amended and Restated Standby Equity Purchase Agreement, dated as of February 8, 2023, between the Company and Yorkville (as amended or otherwise modified from time to time in accordance with its terms, the “SEPA”).

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Source: SEC EDGAR

accession 0001193125-24-076322

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