secwatch.observer — SEC 8-K summary
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Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2026-07-22T21:30:55+00:00
Accession:  0001193125-26-312591
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000119312526312591/0001193125-26-312591-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000119312526312591/sclx-20260718.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-312591

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