secwatch.observer — SEC 8-K summary
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Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001193125-25-078604
Event type: other_material
Sentiment:  negative
Materiality: 0.40
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scilex announces 1-for-35 reverse stock split effective April 15, 2025 to regain Nasdaq compliance
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- Ratio of 1-for-35; effective 12:01 a.m. ET on April 15, 2025.
- Outstanding shares reduced from approx. 243M to approx. 6.9M.
- Stockholders approved split at March 19 special meeting; board set ratio on April 3.
- No fractional shares; cash payment in lieu based on April 14 closing price.
- Reverse split applies to warrants, preferred stock, convertible notes, and options with proportionate adjustments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312525078604/0001193125-25-078604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312525078604/d836626d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-078604

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