Oramed (NASDAQ: ORMP) discloses 4.9% beneficial stake in Scilex (SCLX)
Rhea-AI Filing Summary
Scilex Holding Company’s Schedule 13G/A Amendment No. 4 reports that Oramed Pharmaceuticals Inc. beneficially owns 437,510 shares of Scilex common stock, representing 4.9% of the outstanding class. These shares are issuable upon exercise of warrants and conversion of convertible notes that are exercisable within 60 days.
The ownership percentage is calculated using 8,491,267 Scilex common shares outstanding as of December 5, 2025, plus the 437,510 shares underlying Oramed’s instruments. Oramed states the securities were not acquired and are not held for the purpose of changing or influencing control of Scilex.
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FAQ
What ownership stake in Scilex Holding Co (SCLX) does Oramed report in this Schedule 13G/A?
Oramed Pharmaceuticals Inc. reports beneficial ownership of 437,510 shares of Scilex common stock, representing 4.9% of the class. This stake is based on Scilex’s reported 8,491,267 outstanding shares plus Oramed’s warrant and note conversion shares.
How did Oramed’s 4.9% ownership in Scilex (SCLX) common stock arise?
The 4.9% beneficial ownership comes from warrants and convertible notes held by Oramed that are exercisable within 60 days. These instruments are convertible into 437,510 Scilex common shares, which form the entire amount Oramed reports as beneficially owned.
Does Oramed’s Schedule 13G/A filing indicate an intent to control Scilex Holding Co (SCLX)?
The filing explicitly states the securities “were not acquired and are not held” for the purpose or effect of changing or influencing control of Scilex. It also notes they are not held in connection with any control-related transaction, other than activities related to specified nomination rules.
What voting and dispositive powers does Oramed report over its Scilex (SCLX) holdings?
Oramed reports sole voting power and sole dispositive power over all 437,510 Scilex shares underlying its warrants and convertible notes. It reports no shared voting or shared dispositive power, indicating exclusive control over how these securities are voted and disposed.
What is the significance of Oramed owning 5 percent or less of Scilex (SCLX) stock?
The filing notes ownership of 5 percent or less of Scilex’s common stock, with Oramed’s interest at 4.9%. Being under the 5% threshold can affect certain regulatory and disclosure requirements, and the Schedule 13G/A documents this sub‑5% beneficial ownership level.