secwatch.observer — SEC 8-K summary
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Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2025-12-11T23:59:59+00:00
Accession:  0001193125-25-316239
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Scilex stockholders approve repricing of stock options from $282.80 to $16.80 per share
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- Stockholders approved repricing of up to 289,405 options held by employees, executives, and board members.
- Exercise price reduced from $282.80 to $16.80 (closing price on Dec 11, 2025).
- CEO Henry Ji and CFO Stephen Ma among eligible participants; all other terms unchanged.
- Vote: 3,341,659 for, 1,130,308 against, 23,971 abstain, no broker non-votes.
- Repricing effective Dec 11, 2025; previously approved by Board on Oct 27, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312525316239/0001193125-25-316239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312525316239/sclx-20251211.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-316239

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer