secwatch.observer — SEC 8-K summary
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Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0001193125-26-035833
Event type: other_material
Sentiment:  negative
Materiality: 0.45
Item codes: 3.03, 1.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312526035833/0001193125-26-035833-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312526035833/d79855d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-035833

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