Scilex obtains consent to sell up to 60M shares to fund debt payments due Dec 2024 and Jan 2025

Scilex Holding Co

Consented to sell up to 60,068,585 Scilex shares held by SCLX JV to raise cash for Note payments.
First $13.24M of proceeds to cover Tranche A Note principal due Dec 21, 2024.
Next proceeds to cover Tranche B Note amortization due Jan 2, 2025, then remaining Tranche A balance.
Oramed and Tranche B noteholders granted limited waiver of defaults if payments made from proceeds.
Sales commission capped at 2.5% of gross proceeds to designated broker.

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