---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-336947"
form_type: "8-K"
ticker: "SCLX"
cik: "0001820190"
company_name: "Scilex Holding Co"
filed_at: "2025-12-30T23:59:59+00:00"
generated_at: "2026-05-16T12:00:57.017746+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Scilex completes $27M repurchase of Penny Warrants from Oramed, eliminating dilution from 6.5M shares

## Summary
- Completed second tranche of warrant repurchase on Dec 30, 2025 for $14M, following $13M first tranche in Sep 2025.
- Total repurchase price of $27M eliminated Penny Warrants exercisable at $0.01/share for 6.5M shares of common stock.
- Oramed granted optionality in Jul 2025; Scilex paid $1.5M for the option to repurchase in two tranches.
- All Penny Warrants originally issued Sep 21, 2023 have now been repurchased, removing a significant dilution overhang.

## SEC filing metadata
- accession: 0001193125-25-336947
- form_type: 8-K
- ticker: SCLX
- cik: 0001820190
- company_name: Scilex Holding Co
- filed_at: 2025-12-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820190/000119312525336947/0001193125-25-336947-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820190/000119312525336947/sclx-20251230.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-336947
- JSON: https://secwatch.observer/filing/0001193125-25-336947.json
- Plain text: https://secwatch.observer/filing/0001193125-25-336947.txt

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