---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-162938"
form_type: "8-K"
ticker: "SCLX"
cik: "0001820190"
company_name: "Scilex Holding Co"
filed_at: "2025-07-23T23:59:59+00:00"
generated_at: "2026-05-18T03:35:48.793008+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Scilex enters $100M equity line, exchanges warrants, gets option to repurchase Penny Warrants

## Summary
- Equity line with Tumim Stone Capital: up to $100M common stock at 96-97% of lowest VWAP; 150k commitment shares.
- Exchange of existing Tranche B warrants (107,142 shares, $36.40 strike) for new warrants (500,000 shares, $40 strike; exp. Oct 2029).
- Option to repurchase 6.5M Penny Warrants from Oramed for $27M, plus $1.5M option fee; extends Oramed note maturity to March 2026.
- Warrant repurchase contingent on payments by Sep 30 and Dec 31, 2025; full exercise removes make-whole payment.

## SEC filing metadata
- accession: 0001193125-25-162938
- form_type: 8-K
- ticker: SCLX
- cik: 0001820190
- company_name: Scilex Holding Co
- filed_at: 2025-07-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820190/000119312525162938/0001193125-25-162938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820190/000119312525162938/d87162d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-162938
- JSON: https://secwatch.observer/filing/0001193125-25-162938.json
- Plain text: https://secwatch.observer/filing/0001193125-25-162938.txt

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