{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-220446","form_type":"8-K","ticker":"SCLX","cik":"0001820190","company_name":"Scilex Holding Co","filed_at":"2025-09-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.129773+00:00","generated_at":"2026-05-17T05:35:49.267360+00:00","sec_items":["1.01","2.01","3.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Scilex sells 12.5M Semnur shares for $200M Bitcoin; closes Sept 23, 2025","bullets":["Scilex sold 12,500,000 Semnur common shares at $16.00/share to Biconomy for $200M in Bitcoin.","Bitcoin payment valued at Coinbase spot rate; closing occurred on September 23, 2025.","Semnur must file a resale registration statement within 90 days of closing.","Scilex engaged Biconomy for cryptocurrency treasury management; proceeds to fund Bitcoin purchases.","Company filed supplemental risk factors on Bitcoin volatility, regulatory and accounting risks."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-220446","json":"https://secwatch.observer/filing/0001193125-25-220446.json","markdown":"https://secwatch.observer/filing/0001193125-25-220446.md","text":"https://secwatch.observer/filing/0001193125-25-220446.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820190/000119312525220446/0001193125-25-220446-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820190/000119312525220446/sclx-20250923.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:35:49.267360+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":[{"claim_id":"601e372767cf5ff2611e5b664bf2f22bea4a7461","claim":"Scilex Holding Co issued 12,500,000 shares of common stock to Biconomy for $16.00 per share, payable in Bitcoin.","evidence_excerpt":"Common Stock held by the Company and (ii) 11,945,151 shares of Semnur Common Stock held by Scilex, Inc. The Biconomy Resale SPA Shares are being sold for a purchase price of $16.00 per share (the “Purchase Price”), payable in Bitcoin blockchain (“Bitcoin”), with such amount of Bitcoin equal to the quotient of (A) Biconomy’s aggregate Purchase Price divided","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820190/000119312525220446/0001193125-25-220446-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"12,500,000 shares"},{"label":"Purchaser","value":"Biconomy"},{"label":"Consideration","value":"$16.00 per share, payable in Bitcoin"}],"fact_type":"equity_issuance"},{"claim_id":"c72d07d827bcece595aead0b3144b961ee2a95ca","claim":"Scilex Holding Co completed a disposition involving Biconomy PTE.LTD for $16.00 per share (closed 2025-09-25).","evidence_excerpt":"Common Stock held by the Company and (ii) 11,945,151 shares of Semnur Common Stock held by Scilex, Inc. The Biconomy Resale SPA Shares are being sold for a purchase price of $16.00 per share (the “Purchase Price”), payable in Bitcoin blockchain (“Bitcoin”), with such amount of Bitcoin equal to the quotient of (A) Biconomy’s aggregate Purchase Price divided","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820190/000119312525220446/0001193125-25-220446-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Biconomy PTE.LTD"},{"label":"Consideration","value":"$16.00 per share"},{"label":"Closing","value":"2025-09-25"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}