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News  ›  GlobeNewswire Inc.

Scilex Holding Company Announces Exercise of Warrants for $20.3 Million Gross Proceeds

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Scilex Holding Company
Scilex Holding Company Announces Exercise of Warrants for $20.3 Million Gross Proceeds

Scilex Holding Company has entered into a definitive agreement to exercise existing warrants, expecting to raise approximately $20.3 million. The company will issue a new unregistered warrant to purchase additional shares and plans to use the proceeds for working capital and general corporate purposes.

Insights
PLTR   negative

Slumped for third straight session, down roughly 15% since Monday's close


SCLX   positive

The company is raising capital through warrant exercise, demonstrating financial strategy and potential growth opportunities in pain management products