Scilex board revokes declared preferred stock dividend; no shares ever issued

Scilex Holding Co

Board revoked stock dividend of 5M Series 1 Mandatory Exchangeable Preferred shares on Feb 2, 2026.
Certificate of Elimination filed Feb 3; shares revert to undesignated preferred stock.
Dividend had been postponed multiple times since October 2024 and never paid.
No shares of Series 1 Preferred were issued or outstanding at any time.
Record date and payment date set by board had been deferred indefinitely; now cancelled.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Scilex Holding Co: Filed Certificate of Elimination to eliminate Series 1 Mandatory Exchangeable Preferred Stock designation, causing such shares to become undesignated preferred stock (effective 2026-02-03).

Change: charter amendment
Effective: 2026-02-03

Exact text from the filing

On February 3, 2026, in connection with the Dividend Revocation, the Company filed a Certificate of Elimination of Series 1 Mandatory Exchangeable Preferred Stock (the “Certificate of Elimination”) with the Secretary of State of the State of Delaware. The Certificate of Elimination, which became effective immediately upon filing, eliminated the previously designated 5,000,000 shares of Series 1 Mandatory Exchangeable Preferred Stock and caused such shares to resume their status as undesignated shares of preferred stock of the Company.

View on SEC.gov

13 governance changes filed in the last 30 days. Browse all governance changes →

Scilex Holding Co filing history →

Source: SEC EDGAR

accession 0001193125-26-035833

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.