Scilex Holding Co 8-K

What Happened
Scilex Holding Company (SCLX) announced under Regulation FD that it entered a Non‑Recourse Loan and Securities Pledge Agreement with The St. James Bank & Trust Company Ltd. (a Bahamas bank) on December 1, 2025, and closed the first tranche of that loan on December 22, 2025. The lender agreed to provide up to $50 million in one or more tranches; the initial tranche funded approximately $22.6 million (excluding the structure fee).

Key Details

• Agreement date: December 1, 2025; first tranche close date: December 22, 2025.
• Lender: The St. James Bank & Trust Company Ltd. (Bahamas).
• Facility size: up to $50.0 million in one or more tranches.
• First tranche funded: ~ $22.6 million (amount excludes the structure fee); the agreement includes a securities pledge (collateral).

Why It Matters
This filing notifies investors that Scilex has secured new debt financing and received initial funding, increasing liquidity by roughly $22.6M. The loan is non‑recourse and includes a securities pledge, which affects the company’s financing structure and may place lender claims on pledged collateral. Investors should watch for further disclosures (additional tranches, fees, use of proceeds, or material covenants) that could affect cash position and balance sheet risk.