Scilex announces 1-for-35 reverse stock split

Scilex (SCLX) Holding announced that it will effect a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-35, to be effective as on April 15, 2025. Following the reverse stock split, Scilex’s common stock will continue to trade on The Nasdaq Capital Market under the symbol “SCLX” with the new CUSIP number, 80880W 205. The reverse stock split is intended for Scilex to regain compliance with the minimum bid price requirement of $1.00 per share of common stock for continued listing on The Nasdaq Capital Market.