secwatch.observer — SEC 8-K summary
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Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001193125-24-114000
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scilex closes $15M registered direct offering of 15M shares and warrants
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- Offering of 15,000,000 common shares plus warrants to purchase 15,000,000 shares at $1.00/unit.
- Warrants exercisable at $1.10/share starting six months from issuance, expiring in five years.
- Gross proceeds $15 million before placement agent fees and expenses; offering closed April 25, 2024.
- Net proceeds for working capital, R&D, commercialization, and possible debt/stock repurchases.
- Placement agents received 8% cash fee and warrants to purchase 1,200,000 shares at $1.25/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312524114000/0001193125-24-114000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312524114000/d820664d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-114000

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