---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-273896"
form_type: "8-K"
ticker: "SCLX"
cik: "0001820190"
company_name: "Scilex Holding Co"
filed_at: "2024-12-10T23:59:59+00:00"
generated_at: "2026-05-29T05:15:17.881740+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-273896
- form_type: 8-K
- ticker: SCLX
- cik: 0001820190
- company_name: Scilex Holding Co
- filed_at: 2024-12-10T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820190/000119312524273896/0001193125-24-273896-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820190/000119312524273896/d905678d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-273896
- JSON: https://secwatch.observer/filing/0001193125-24-273896.json
- Plain text: https://secwatch.observer/filing/0001193125-24-273896.txt

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