Scilex Ends Sales Agreement With B. Riley, Cantor Fitzgerald, H.C. Wainwright With No Penalty; During The Term Of The Agreement Sold 2.76M Shares For $2.69M

-2.17% Post

Scilex Holding Company Ordinary Shares

SCLX

0.25

0.24

-2.17%

-3.34% Post

As previously disclosed, on December 22, 2023, Scilex Holding Company (the "Company") entered into a Sales Agreement (the "Sales Agreement") with B. Riley Securities Inc., Cantor Fitzgerald & Co. and H.C. Wainwright & Co., LLC (the "Sales Agents"), pursuant to which the Company may offer and sell shares of its common stock from time to time through the Sales Agents, acting as the sales agents.

On February 28, 2025, the Company voluntarily terminated the Sales Agreement, effective as of March 5, 2025. During the term of the Sales Agreement, the Company sold an aggregate of 2,764,187 shares of its common stock for aggregate gross proceeds to the Company of approximately $2,693,840. The Sales Agreement was terminable at will by the Company with no penalty.

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