September 23, 2025 · Form 4 insider transaction
Scilex Holding Co sold 11,945,151 shares of SMNR at $16.00 per share, a transaction worth $191.12M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 2 days after the transaction.
The transactions reported on this Form 4 were effected pursuant to that certain Securities Purchase Agreement, dated September 23, 2025, by and among the Reporting Persons, the Issuer, and Biconomy PTE.LTD, as buyer.; The purchase price was paid in Bitcoin blockchain based on the spot exchange rate for Bitcoin as published by Coinbase.com at 8:00 p.m. (New York City time) on the trading day immediately prior to the closing date of the purchase.