<div id="readability-page-1">03:27 PM EST, 11/25/2025 (MT Newswires) -- Scilex ( SCLX ) said Tuesday it closed the previously announced cash exercise of certain existing warrants, generating about $20.3 million in gross proceeds.The company said holders exercised 428,572 warrants issued in April 2024, and 475,824 warrants issued in December 2024 at a reduced price of $22.51 per share.In exchange, Scilex ( SCLX ) issued a new unregistered five-year warrant to purchase up to 1.4 million shares at $29.The company said it expects to use the proceeds for working capital and general corporate purposes.Price: 19.90, Change: -2.10, Percent Change: -9.55 MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

SCLX

Scilex raised $20.3 million through the cash exercise of existing warrants, with 428,572 warrants from April 2024 and 475,824 from December 2024 exercised at $22.51 per share. In return, Scilex issued a new five-year warrant for 1.4 million shares at $29. The proceeds will be used for working capital and general corporate purposes. The stock price is $19.90, down 9.55%.

Scilex Raises $20.3 Million From Warrant Exercises