Scilex enters warrant exercise agreement for $2.7M proceeds; issues new warrants for 275K shares

Scilex Holding Co

Existing warrant holders exercise 179,236 shares at net $15.00/share after $7.72 deferral fee, raising ~$2.7M.
Company will use $2.5M of proceeds to repay outstanding Tranche B Notes (senior secured convertible notes).
New September 2025 warrants issued: 275,000 shares at $20 strike, expiring Dec 13, 2029, immediately exercisable.
Holders defer Oct 1, 2025 amortization payment to Jan 1, 2026 in exchange for $7.72/share deferral fee.
Placement agents are Rodman & Renshaw and Stockblock Securities.

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