Scilex sells Vivasor preferred shares for $12M; CEO Henry Ji on both sides

Scilex Holding Co

Scilex sells 6.1M Series A-1 and 355.9K Series A-2 Vivasor preferred shares for $12M ($1.8583/share).
Payment in five tranches through June 2027; first $1M on July 18, 2026.
Payment may be in cash or assignment of Datavault AI (DVLT) shares held by Vivasor subsidiary.
CEO Henry Ji serves as CEO of both Scilex and Vivasor, making it a related-party transaction.
Scilex acquired the shares in January 2026; now selling them back to Vivasor.

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