Scilex entered into a stock repurchase agreement to sell previously acquired Vivasor preferred shares back to Vivasor for $11,999,762.28. The purchase price will be paid in five tranches, starting July 18, 2026, and concluding by June 30, 2027, via wire transfer, assignment of Datavault AI common shares, or a combination. The agreement includes customary terms. Scilex noted that Henry Ji, its CEO, also serves as CEO of Vivasor.
Agreement details:
- Agreement type: Stock repurchase agreement for sale of Vivasor preferred shares
- Counterparty: Vivasor Holding and Vivasor
- Signed / Effective: Jul 18 2026 / same
- Duration / Termination: Through Jun 30 2027
- Reason: Monetize prior investment and refocus capital
Original SEC Filing:
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