PANews reported on September 23rd that according to Globenewswire, Scilex Holding Company (NASDAQ: SCLX), an innovative revenue-generating company, has signed a Securities Purchase Agreement ("SPA") with an institutional investor to exchange $200 million worth of common stock held in its majority-owned subsidiary, Semnur Pharmaceuticals, Inc., for $200 million worth of Bitcoin. Under the agreement, the institutional investor will purchase 12,500,000 shares of Semnur common stock held by Scilex at $16 per share. Closing is expected to occur on or about September 23, 2025.PANews reported on September 23rd that according to Globenewswire, Scilex Holding Company (NASDAQ: SCLX), an innovative revenue-generating company, has signed a Securities Purchase Agreement ("SPA") with an institutional investor to exchange $200 million worth of common stock held in its majority-owned subsidiary, Semnur Pharmaceuticals, Inc., for $200 million worth of Bitcoin. Under the agreement, the institutional investor will purchase 12,500,000 shares of Semnur common stock held by Scilex at $16 per share. Closing is expected to occur on or about September 23, 2025.
Scilex, a listed company, plans to sell shares in its holding subsidiary for $200 million worth of Bitcoin.
PANews reported on September 23rd that according to Globenewswire, Scilex Holding Company (NASDAQ: SCLX), an innovative revenue-generating company, has signed a Securities Purchase Agreement ("SPA") with an institutional investor to exchange $200 million worth of common stock held in its majority-owned subsidiary, Semnur Pharmaceuticals, Inc., for $200 million worth of Bitcoin. Under the agreement, the institutional investor will purchase 12,500,000 shares of Semnur common stock held by Scilex at $16 per share. Closing is expected to occur on or about September 23, 2025.
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