---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-009911"
form_type: "8-K"
ticker: "SCLX"
cik: "0001820190"
company_name: "Scilex Holding Co"
filed_at: "2025-01-22T23:59:59+00:00"
generated_at: "2026-05-27T20:54:27.115947+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Scilex extends Oramed note maturity to Dec 2025; issues 3.25M shares as consideration

## Summary
- Maturity date of Oramed Senior Secured Promissory Note extended from March 21, 2025 to December 31, 2025.
- SCLX Stock Acquisition JV to deliver 3,250,000 shares of Scilex common stock to Oramed as consideration.
- New covenant prohibits increasing compensation or granting additional equity awards to officers/directors while note outstanding.
- Cash sweep definition amended; Oramed may redirect prepayments to Tranche B Notes in lieu of principal on Oramed Note.
- The extension provides additional time to repay the Oramed Note and aligns with other debt arrangements.

## SEC filing metadata
- accession: 0001193125-25-009911
- form_type: 8-K
- ticker: SCLX
- cik: 0001820190
- company_name: Scilex Holding Co
- filed_at: 2025-01-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820190/000119312525009911/0001193125-25-009911-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820190/000119312525009911/d849453d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-009911
- JSON: https://secwatch.observer/filing/0001193125-25-009911.json
- Plain text: https://secwatch.observer/filing/0001193125-25-009911.txt

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