Scilex CEO Jaisim Shah resigns to focus on Semnur; Henry Ji appointed CEO; Semnur gets $20M PIPE

Scilex Holding Co

Jaisim Shah resigned as CEO/President of Scilex effective Aug 17, 2025; remains on Board and will focus full time on Semnur.
Henry Ji, previously Executive Chairman, appointed as Scilex's new CEO and President effective immediately.
Semnur (majority-owned subsidiary) entered a $20M private placement at $16/share; proceeds fund SP-102 Phase 3 trial.
The PIPE is contingent on Semnur's business combination with Denali Capital Acquisition Corp.
Jaisim Shah's departure is to dedicate full attention to advancing SP-102 for LRP/Sciatica toward regulatory approval.

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