---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-303037"
form_type: "8-K"
ticker: "SCLX"
cik: "0001820190"
company_name: "Scilex Holding Co"
filed_at: "2025-12-01T23:59:59+00:00"
generated_at: "2026-05-16T15:54:25.919439+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Scilex completes $150M Bitcoin investment in Datavault AI, warrant shares now valued at $583M

## Summary
- Scilex purchased a pre-funded warrant for 263,914,094 Datavault shares in the second tranche, paying in Bitcoin.
- Datavault stockholders approved the share issuance at their Nov 24, 2025 annual meeting.
- Scilex exercised the warrant in full; shares have approximate value of $583.3M based on Nov 25 closing price of $2.21.
- Both companies plan to collaborate on Real World Asset tokenization in 2026.
- The aggregate purchase price for both tranches was $150M in Bitcoin.

## SEC filing metadata
- accession: 0001193125-25-303037
- form_type: 8-K
- ticker: SCLX
- cik: 0001820190
- company_name: Scilex Holding Co
- filed_at: 2025-12-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820190/000119312525303037/0001193125-25-303037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820190/000119312525303037/d26514d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-303037
- JSON: https://secwatch.observer/filing/0001193125-25-303037.json
- Plain text: https://secwatch.observer/filing/0001193125-25-303037.txt

## Source-grounded claims
- claim_id: 088c585238f51f969658a06b9696381826c467f2
  claim: Scilex Holding Co completed an acquisition involving Datavault AI Inc. for $150 million in Bitcoin (closed 2025-11-25).
  evidence_excerpt: (the “Pre-Funded Warrant”) to purchase 263,914,094 shares of Datavault Common Stock in a subsequent closing (the “Subsequent Closing”), for an aggregate purchase price of $150 million in Bitcoin (“BTC”) (based on the spot exchange rate for BTC as published by Coinbase.com at 8:00 p.m. (New York City time) on the trading day immediately prior to the date of the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820190/000119312525303037/0001193125-25-303037-index.htm

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