dividend
confidence high
sentiment neutral
materiality 0.30
Scilex moves preferred stock dividend record date to Jan 28, 2025; payment by Mar 29
Scilex Holding Co
- Record date changed from Nov 7, 2024 to Jan 28, 2025 for Series 1 Mandatory Exchangeable Preferred Stock dividend.
- Dividend exchangeable for up to 10% of Scilex's ownership in wholly owned subsidiary Semnur Pharmaceuticals.
- Payment date to be set by Board within 60 days of record date (no later than Mar 29, 2025).
- Board retains right to further change record date or revoke dividend before payment, including for solvency concerns.