Scilex Holding Co Establishes $20M Revolving Credit for Vivasor

What Happened

• Scilex Holding Company filed an 8-K reporting that on August 8, 2026 it entered into a Promissory Note (Revolving Line of Credit) with Vivasor, Inc., establishing an uncommitted revolving line of credit with a maximum principal amount of $20,000,000. The Note matures 120 months from the effective date and carries interest at 5.0% per annum. The Company may, in its sole discretion, agree to fund Drawdowns, which may be repaid and reborrowed prior to maturity.

Key Details

• Maximum Credit Amount: $20,000,000 (uncommitted revolving facility).
• Effective Date / Maturity: August 8, 2026; maturity in 120 months from that date.
• Interest and repayment: 5.0% per annum on outstanding principal; all principal and accrued interest due at maturity; prepayment allowed without penalty.
• Funding mechanics & related party: Scilex may fund Drawdowns in cash, freely tradable Scilex securities, or shares of Datavault AI, Inc. currently held by Scilex. Dr. Henry Ji, Scilex CEO/President/Chair, also serves as CEO of Vivasor. The Note was approved by Scilex’s Board and Audit Committee.

Why It Matters

• This agreement creates a potential source of financing for Vivasor of up to $20M, but the facility is uncommitted — Scilex is not obligated to fund any Drawdown and will decide each advance at its sole discretion.
• The arrangement is a related‑party transaction (shared CEO), which investors should note for governance and conflict‑of‑interest considerations; the Board and Audit Committee approved the Note.
• Funding via securities or Datavault AI shares could affect Scilex’s holdings or the form of consideration received, while interest income and credit exposure depend on whether advances are actually made.