Scilex Holding Company provided information to its stockholders regarding what it believes to be manipulative and naked short selling of its common stock and dividend shares.
Scilex management believes there are over 12 million shares of Scilex common stock sold short and more than 10 million Dividend Shares held as 'naked short' positions since January 2023 that have not been covered.
The company is communicating with regulatory authorities and providing stockholders with information to help combat these practices, which it believes reduce shareholder value and infringe on shareholder rights.
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