other material
confidence high
sentiment neutral
materiality 0.50
Scilex Holdings files 1-for-35 reverse stock split to regain Nasdaq compliance effective April 15, 2025
Scilex Holding Co
- Board set ratio at 1-for-35 on April 3, 2025; stockholders approved March 19, 2025.
- Reverse split effective 12:01 a.m. ET April 15, 2025; common stock to trade adjusted on Nasdaq.
- No fractional shares; cash in lieu based on closing price on April 14, 2025.
- Warrants adjusted: every 35 warrants now exercisable for 1 share at $402.50 (35x$11.50).
- Trading symbol SCLX unchanged; new CUSIP 80880W205.