Scilex Holding Co (SCLX) AI Dilution Summary

Cash was $566,000 at 2026-06-30 against estimated monthly burn of $1,307,333, and a financing that closed 2026-07-03 issued 500,000 shares. Dilution here is driven primarily by the $500,000,000 Yorkville equity line. Advances are priced at 98% of the lowest daily VWAP during the two consecutive trading days starting on the Advance Notice date, so each dollar drawn issues more shares as the price falls.