---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-187620"
form_type: "8-K"
ticker: "SCLX"
cik: "0001820190"
company_name: "Scilex Holding Co"
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T03:08:00.064489+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Scilex to pay $120M to Datavault for quantum GPU network, revenue-sharing deal

## Summary
- Upfront cash contribution of $120M to Datavault, payable in multiple closings by Dec 31, 2026.
- Funds to deploy quantum-ready GPU infrastructure across ~100 US cities.
- Datavault to pay Scilex 30% of network gross revenues until $250M, then 15% until $1.2B, then 5% thereafter.
- Definitive agreement subject to negotiation, board approvals, and customary conditions; no guarantee of closing.
- Binding term sheet governed by Delaware law; may be terminated by either party.

## SEC filing metadata
- accession: 0001193125-26-187620
- form_type: 8-K
- ticker: SCLX
- cik: 0001820190
- company_name: Scilex Holding Co
- filed_at: 2026-04-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820190/000119312526187620/0001193125-26-187620-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820190/000119312526187620/sclx-20260426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-187620
- JSON: https://secwatch.observer/filing/0001193125-26-187620.json
- Plain text: https://secwatch.observer/filing/0001193125-26-187620.txt

## Source-grounded claims
- claim_id: 82c4c8d334880771a4e1f63fa534e14597e3da32
  claim: Scilex Holding Co entered into Term Sheet with Datavault AI Inc. valued at $120,000,000 (effective 2026-04-26).
  evidence_excerpt: On April 26, 2026, Scilex Holding Company (the “Company”) and Datavault AI Inc. (“Datavault”) and entered into a binding term sheet (the “Term Sheet”), which sets forth the principal terms and conditions of a proposed cash contribution and revenue participation arrangement between the Company and Datavault (the “Proposed Transaction”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820190/000119312526187620/0001193125-26-187620-index.htm

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