{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-162969","form_type":"8-K","ticker":"SCLX","cik":"0001820190","company_name":"Scilex Holding Co","filed_at":"2025-07-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.129171+00:00","generated_at":"2026-05-18T03:35:43.457103+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Scilex subsidiary Semnur amends Denali merger deal to allow additional share issuances pre-closing","bullets":["Amendment modifies Exchange Ratio and Merger Consideration definitions to account for shares issued after signing date (PIPE/Advisor Shares).","Exchange Ratio stays 1.25-to-1, but denominator now includes post-signing issuances, increasing total shares exchanged.","Merger Consideration recalculated: $2.5B plus (post-signing shares * 1.25 * $10.00), divided by $10.00.","Authorized capital updated to 785M shares (740M common, 45M preferred) immediately before closing.","Deal allows potential PIPE financing and advisor share issuance before closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-162969","json":"https://secwatch.observer/filing/0001193125-25-162969.json","markdown":"https://secwatch.observer/filing/0001193125-25-162969.md","text":"https://secwatch.observer/filing/0001193125-25-162969.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820190/000119312525162969/0001193125-25-162969-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820190/000119312525162969/d21770d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T03:35:43.457103+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}