Scilex Holding Company ( (SCLX) ) has shared an announcement.
Scilex Holding Company has successfully entered into a registered convertible financing deal worth $50 million to restructure its existing debt, positioning the company for sustainable growth. The agreement includes the issuance of a new tranche B of senior secured convertible notes, which will be convertible into Scilex’s common stock, and related warrants. The deal also involves paying off the revolving credit facility with eCapital Healthcare Corp. and other specified costs, using the net proceeds for corporate purposes. Additionally, Scilex anticipates a royalty transaction involving an 8% royalty on net sales of certain products, further strengthening its financial position.
For detailed information about SCLX stock, go to TipRanks’ Stock Analysis page.
