secwatch.observer — SEC 8-K summary
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Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001193125-26-033620
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312526033620/0001193125-26-033620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312526033620/sclx-20260129.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-033620

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