PANews
PANews|Sep 25, 2025 10:17
[Publicly Listed Company Scilex Completes $200 Million Bitcoin Stock Swap Transaction] According to Globenewswire, innovative revenue-generating company Scilex Holding Company (NASDAQ: SCLX) announced that it has completed the previously disclosed transaction under the Securities Purchase Agreement signed with an institutional investor. The transaction involved exchanging $200 million worth of common stock held in its majority-owned subsidiary, Semnur Pharmaceuticals, Inc., for $200 million worth of Bitcoin. Scilex's crypto account has now received the $200 million in Bitcoin.
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