Scilex terminates ELOC with Tumim; to pay $2.7M cash instead of issuing 150k shares

Scilex Holding Co

Scilex and Tumim Stone Capital terminated their July 22, 2025 ELOC agreement.
In lieu of 150,000 commitment shares, Scilex will pay Tumim $2.7M in three installments: $500k by Oct 31, $500k by Nov 14, $1.7M by Dec 15, 2025.
Termination effective upon full payment; if not paid by Dec 15, commitment shares must be issued.
Company says termination due to no longer needing additional capital under the ELOC.

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