Scilex (NASDAQ: SCLX) holder reports 500K transfer, 11.4% stake
Rhea-AI Filing Summary
SCLX Stock Acquisition JV LLC, a Texas entity, reports beneficial ownership of 30,029,378 Scilex Holding Company securities, representing 11.4% of the common stock class when including 14,018 warrant shares that are exercisable within 60 days.
The holdings include 958,263 common shares and 29,057,097 shares of Series A Preferred Stock, which together with the warrants provide aggregate voting power of 19.3%, including 848,106 votes from the preferred stock. The filing notes Scilex’s 1‑for‑35 reverse stock split on April 15, 2025, and discloses that on July 3, 2026, the reporting person agreed to transfer 500,000 Scilex common shares to Quantum Scan Holdings, Inc. in exchange for Q Scan common stock under a letter agreement.
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Key Figures
Beneficial ownership: 30,029,378 securities
Percent of common class: 11.4%
Shares outstanding: 8,491,267 shares
+5 more
8 metrics
Beneficial ownership
30,029,378 securities
Aggregate amount beneficially owned by SCLX Stock Acquisition JV LLC
Percent of common class
11.4%
Percent of Scilex common stock class beneficially owned
Shares outstanding
8,491,267 shares
Scilex common stock outstanding as of May 15, 2026
Series A Preferred shares
29,057,097 shares
Series A Preferred Stock held by the reporting person
Preferred voting power
848,106 votes
Votes attached to Series A Preferred as of Amendment No. 6
Total voting power
19.3%
Aggregate voting power including common, warrants and Series A Preferred
Share transfer size
500,000 shares
Scilex common shares to be transferred to Quantum Scan Holdings
Reverse stock split ratio
1-for-35
Scilex common stock reverse split effective April 15, 2025
Key Terms
beneficially owned, Series A Preferred Stock, reverse stock split, Letter Agreement, +2 more
6 terms
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 30,029,378.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Series A Preferred Stock financial
"29,057,097 shares of Series A Preferred Stock, par value $0.0001 per share"
Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.
reverse stock split financial
"the Issuer effected a reverse stock split of the Common Stock at a ratio of 1-for-35"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
Letter Agreement financial
"entered into a letter agreement (the "Letter Agreement") with the Issuer and Quantum Scan Holdings, Inc."
Certificate of Designations financial
"as determined under the Issuer's Certificate of Designations of Series A Preferred Stock"
A certificate of designations is a formal legal document that spells out the specific rights and rules attached to a particular class of stock, most often preferred shares. It tells investors who gets paid first, what dividends or conversion rights exist, and any voting or liquidation priorities—like an instruction sheet that decides which shareholders get preference if a company pays out or is sold. Those terms directly affect a security’s value and risk.
conversion price financial
"as a result of adjustments to the conversion price of such preferred stock"
The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.
FAQ
What stake in Scilex (SCLX) does SCLX Stock Acquisition JV LLC report?
SCLX Stock Acquisition JV LLC reports beneficial ownership of 30,029,378 Scilex securities. This represents 11.4% of the Scilex common stock class, based on 8,491,267 common shares outstanding plus 14,018 warrant shares exercisable within 60 days.
How much voting power does the reporting holder have in Scilex (SCLX)?
The reporting holder states aggregate voting power of 19.3% in Scilex. This includes common shares, warrants and 29,057,097 Series A Preferred shares, which currently carry 848,106 votes under Scilex’s Series A Certificate of Designations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
