{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-309695","form_type":"8-K","ticker":"SCLX","cik":"0001820190","company_name":"Scilex Holding Co","filed_at":"2025-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.603762+00:00","generated_at":"2026-05-16T14:18:35.584692+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Scilex secures up to $50M non-recourse loan secured by 39.2M shares of Datavault AI (DVLT)","bullets":["Loan of up to $50M in tranches at 12-month SOFR + 2.0% interest, maturity 4 years from first tranche.","Collateral: approx. 39.2M shares of Datavault AI (DVLT) common stock, held in securities account with lender.","Events of default include 20% decline in DVLT closing price not cured in 3 days by additional collateral, or 20% volume drop over 3 days.","Upon default, interest rate increases by 5% and lender can foreclose on pledged shares; prepayment blocked for first 20 months.","Loan is non-recourse (limited to pledged assets); upfront fee of 0.25% per tranche."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-309695","json":"https://secwatch.observer/filing/0001193125-25-309695.json","markdown":"https://secwatch.observer/filing/0001193125-25-309695.md","text":"https://secwatch.observer/filing/0001193125-25-309695.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820190/000119312525309695/0001193125-25-309695-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820190/000119312525309695/sclx-20251201.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T14:18:35.584692+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"eb2740917da95a2750d5d53075d735a66374f130","claim":"Scilex Holding Co incurred loan of up to $50 million with The St. James Bank & Trust Company Ltd. at 12-month Secured Overnight Financing Rate plus 2.0% per annum maturing fourth anniversary of the closing date of the first tranche of the Loan.","evidence_excerpt":"pursuant to which the Lender agreed to loan the Company an aggregate principal amount of up to $50 million in one or more tranches","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820190/000119312525309695/0001193125-25-309695-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"up to $50 million"},{"label":"Counterparty","value":"The St. James Bank & Trust Company Ltd."},{"label":"Rate","value":"12-month Secured Overnight Financing Rate plus 2.0% per annum"},{"label":"Maturity","value":"fourth anniversary of the closing date of the first tranche of the Loan"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}