Scilex says Bitcoin deal could include unregistered share issuance to Datavault under Rule 506 private placement

Scilex Holding

Scilex Holding

SCLX

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  • Scilex entered a binding term sheet on June 24, 2026 tied to a proposed $50 million Bitcoin purchase from Datavault.
  • The deal could be funded with cash or Scilex common stock, raising the prospect of an unregistered share issuance to Datavault.
  • It remains undecided whether any shares would be issued via a private placement under Section 4(a)(2) and Rule 506 of Regulation D.


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