Scilex Holding Company has announced a definitive agreement for the exercise of warrants, expected to bring in around $20.3 million in gross proceeds. The Company will issue a new warrant to the holder in exchange for immediate exercise of existing warrants, with a term of five years and an exercise price of $29. The offering is set to close on November 25, 2025, pending customary closing conditions. The net proceeds will be used for working capital and general corporate purposes. The New Warrant and shares of Common Stock underlying it are being offered in a private placement under certain regulations.

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