---
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"
generated_at: "2026-05-16T14:18:35.584692+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Scilex secures up to $50M non-recourse loan secured by 39.2M shares of Datavault AI (DVLT)

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-309695
- JSON: https://secwatch.observer/filing/0001193125-25-309695.json
- Plain text: https://secwatch.observer/filing/0001193125-25-309695.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: up to $50 million
  - Counterparty: The St. James Bank & Trust Company Ltd.
  - Rate: 12-month Secured Overnight Financing Rate plus 2.0% per annum
  - Maturity: fourth anniversary of the closing date of the first tranche of the Loan
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1820190/000119312525309695/0001193125-25-309695-index.htm

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