---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-220481"
form_type: "8-K"
ticker: "SCLX"
cik: "0001820190"
company_name: "Scilex Holding Co"
filed_at: "2025-09-26T23:59:59+00:00"
generated_at: "2026-05-17T05:35:54.374130+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Scilex closes $150M Bitcoin investment in Datavault AI; receives 15M shares and pre-funded warrant for 263.9M more

## Summary
- Scilex invested $150M in Bitcoin for Datavault AI (DVLT) shares and warrants at $0.5378 per share effective price.
- Initial closing delivered 15M Datavault shares; second tranche of pre-funded warrant for 263,914,094 shares awaits stockholder approval.
- Scilex gets board nomination rights: two directors if ownership ≥10%, one director if 5-10%.
- Datavault management unchanged; proceeds intended to accelerate supercomputing and AI infrastructure.
- Deal priced using Bitcoin spot rate from Coinbase; Datavault shares offered under effective S-3 shelf registration.

## SEC filing metadata
- accession: 0001193125-25-220481
- form_type: 8-K
- ticker: SCLX
- cik: 0001820190
- company_name: Scilex Holding Co
- filed_at: 2025-09-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820190/000119312525220481/0001193125-25-220481-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820190/000119312525220481/sclx-20250925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-220481
- JSON: https://secwatch.observer/filing/0001193125-25-220481.json
- Plain text: https://secwatch.observer/filing/0001193125-25-220481.txt

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