secwatch.observer — SEC 8-K summary
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Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001193125-26-187620
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312526187620/0001193125-26-187620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312526187620/sclx-20260426.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-187620

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer