Scilex Holding Co (SCLX) Form 8-K — Jun 29, 2026
Scilex Holding Company entered into a binding term sheet with Datavault AI Inc. to purchase 837 Bitcoin for a total purchase price of $50 million. The transaction terms stipulate an initial payment of $30 million, with the remaining $20 million payable in quarterly installments commencing in the fourth quarter of 2026 and ending on December 31, 2028. The company has the discretion to pay the purchase price in cash, shares of its common stock, or publicly traded securities of its subsidiaries.
Key figures
- Deal Value Usd
- 50000000
- Btc Amount
- 837
- Initial Payment Usd
- 30000000
- Installment End Date
- December 31, 2028
- Installment Amount Usd
- 20000000
Price after filing
Close on the filing date to close N calendar days later (from $7.09). Historical, not a forecast.
AI analysis
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