Scilex signs binding term sheet to buy 837 Bitcoin from Datavault for $50M

Scilex Holding Co

Purchase of 837 BTC from Datavault AI Inc. for $50M; initial $30M cash payment due at closing.
Remaining $20M payable quarterly from Q4 2026 through Dec 31, 2028, in cash, Scilex common stock, or subsidiary securities.
Transaction subject to definitive agreement, regulatory approvals, and board approvals; no guarantee of closing.
Potential issuance of common stock in private placement exempt under Section 4(a)(2) and Regulation D.

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