---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-262065"
form_type: "8-K"
ticker: "SCLX"
cik: "0001820190"
company_name: "Scilex Holding Co"
filed_at: "2024-11-20T23:59:59+00:00"
generated_at: "2026-05-29T22:05:07.536676+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Scilex dismisses Ernst & Young as auditor amid investigation; expects Nasdaq notice and debt default

## Summary
- EY requested investigation into June and September 2024 contracts; audit committee probe not completed for weeks.
- Audit committee dismissed EY after EY could not assure timely review of Q3 2024 financials.
- Failure to file Q3 10-Q will trigger Nasdaq non-compliance notice and event of default under Oramed and Tranche B notes.
- Default could accelerate ~$70M+ in notes and allow penalty interest, liquidated damages, and redemption demands.
- Company has no disagreements with EY but previously disclosed a material weakness in internal controls.

## SEC filing metadata
- accession: 0001193125-24-262065
- form_type: 8-K
- ticker: SCLX
- cik: 0001820190
- company_name: Scilex Holding Co
- filed_at: 2024-11-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820190/000119312524262065/0001193125-24-262065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820190/000119312524262065/d874287d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-262065
- JSON: https://secwatch.observer/filing/0001193125-24-262065.json
- Plain text: https://secwatch.observer/filing/0001193125-24-262065.txt

## Key facts
- Auditor Changes
  Scilex Holding Co dismissed Ernst & Young LLP as its auditor.
  - Action: dismissal
  - Auditor: Ernst & Young LLP
  source text: On November 19, 2024, because of EY's inability to provide such assurance regarding the completion of its review of the Q3 Financials, the Audit Committee determined to dismiss EY, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820190/000119312524262065/0001193125-24-262065-index.htm

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