• Scilex board resolutions set a June 1, 2026 record date for a stock dividend distributing Semnur Pharmaceuticals common stock to Scilex common shareholders and other eligible equityholders.
• Distribution ratio set at 1 Semnur share for each Scilex common share held, including shares issuable upon exercise or conversion of eligible securities.
• Plan calls for distributing about 10,700,000 Semnur shares from Scilex’s roughly 186,000,000-share stake.
• Resolutions allow the board to change the record date or revoke the dividend before payment; the payment date is to be set later, within 60 days of the record date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scilex Holding Company published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605221315PRIMZONEFULLFEED9725511) on May 22, 2026, and is solely responsible for the information contained therein.