---
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"
generated_at: "2026-05-17T05:35:49.267360+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Scilex sells 12.5M Semnur shares for $200M Bitcoin; closes Sept 23, 2025

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-220446
- JSON: https://secwatch.observer/filing/0001193125-25-220446.json
- Plain text: https://secwatch.observer/filing/0001193125-25-220446.txt

## Key facts
- Equity Issuances
  Scilex Holding Co issued 12,500,000 shares of common stock to Biconomy for $16.00 per share, payable in Bitcoin.
  - Security: common stock
  - Shares: 12,500,000 shares
  - Purchaser: Biconomy
  - Consideration: $16.00 per share, payable in Bitcoin
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1820190/000119312525220446/0001193125-25-220446-index.htm
- M&A Transactions
  Scilex Holding Co completed a disposition involving Biconomy PTE.LTD for $16.00 per share (closed 2025-09-25).
  - Action: disposition
  - Counterparty: Biconomy PTE.LTD
  - Consideration: $16.00 per share
  - Closing: 2025-09-25
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1820190/000119312525220446/0001193125-25-220446-index.htm

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