secwatch.observer — SEC 8-K summary
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Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2026-02-20T23:59:59+00:00
Accession:  0001193125-26-061371
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scilex issues warrant to Oramed for 100,000 shares at $20.00 in exchange for payment deferral
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- Warrant for 100,000 shares at $20.00 issued to Oramed Pharmaceuticals for deferring an amortization payment originally due Oct 1, 2025.
- Deferred payment was made in November 2025; warrant is immediately exercisable and expires Dec 13, 2029.
- Exercise price subject to anti-dilution adjustments with a floor of $8.22; beneficial ownership limit set at 4.99%.
- Company commits to file a resale registration statement for the underlying shares within 30 days or by March 31, 2026.
- Warrant agreement includes most-favored-nations clause for six months and standard change-of-control repurchase right.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312526061371/0001193125-26-061371-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312526061371/sclx-20260219.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-061371

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