Scilex loans $20M to Q Scan, converts to shares; agrees $27.5M stock purchase

Scilex Holding Co

Loaned $20M to Q Scan via convertible note; note converted same day into 140.4M Q Scan common shares.
Stock Purchase Agreement to buy 193M additional Q Scan shares for ~$27.5M; closing within 5 days of Q Scan notice.
Stephen Ma, Scilex CFO, has served as interim CFO of Q Scan since Jan 16, 2026; no compensation received.
Convertible note bears 3.66% annual interest starting April 29, 2026; original maturity Oct 29, 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Scilex Holding Co entered into common stock purchase agreement with Quantum Scan Holdings, Inc. valued at approximately $27.5 million (effective 2026-01-29).

Action: entry
Agreement: equity purchase
Counterparty: Quantum Scan Holdings, Inc.
Value: approximately $27.5 million
Effective: 2026-01-29

Exact text from the filing

The Company and Q Scan entered into a common stock purchase agreement, dated January 29, 2026, with Q Scan (the “Stock Purchase Agreement”). Pursuant to the Stock Purchase Agreement, Q Scan agreed to sell to the Company, and the Company agreed to purchase from Q Scan, an aggregate of 193,021,436 shares of Common Stock (the “Stock Purchase”) for an aggregate purchase price of approximately $27.5 million.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Scilex Holding Co entered into Convertible Promissory Note with Quantum Scan Holdings, Inc. valued at $20 million (effective 2026-01-29).

Action: entry
Agreement: notes offering
Counterparty: Quantum Scan Holdings, Inc.
Value: $20 million
Effective: 2026-01-29

Exact text from the filing

Scilex Holding Company (the “Company”) entered into a Convertible Promissory Note, dated January 29, 2026 (the “Note”), with Quantum Scan Holdings, Inc. (“Q Scan”). Pursuant to the Note, the Company loaned Q Scan an aggregate of $20 million.

View on SEC.gov

314 material agreements filed in the last 30 days. Browse all material agreements →

Scilex Holding Co filing history →

Source: SEC EDGAR

accession 0001193125-26-033620

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.