---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-035833"
form_type: "8-K"
ticker: "SCLX"
cik: "0001820190"
company_name: "Scilex Holding Co"
filed_at: "2026-02-03T23:59:59+00:00"
generated_at: "2026-05-16T05:23:13.953010+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-035833
- form_type: 8-K
- ticker: SCLX
- cik: 0001820190
- company_name: Scilex Holding Co
- filed_at: 2026-02-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 3.03, 1.01, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820190/000119312526035833/0001193125-26-035833-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820190/000119312526035833/d79855d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-035833
- JSON: https://secwatch.observer/filing/0001193125-26-035833.json
- Plain text: https://secwatch.observer/filing/0001193125-26-035833.txt

## Source-grounded claims
- claim_id: 7e5b543a1ffe6f291e898e9ca048f26a8c435430
  claim: 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).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820190/000119312526035833/0001193125-26-035833-index.htm

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