secwatch.observer — SEC 8-K summary
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Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2024-12-30T23:59:59+00:00
Accession:  0001193125-24-286244
Event type: dividend
Sentiment:  neutral
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scilex moves preferred stock dividend record date to Jan 28, 2025; payment by Mar 29
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312524286244/0001193125-24-286244-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312524286244/d855930d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-286244

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