Scilex Holding Company announced that its Board of Directors has approved a deferral of the record date for its previously announced dividend of Scilex preferred stock.
The record date, previously set for May 2, 2025, has been postponed to a future date to be determined solely by the Board. This dividend is exchangeable for up to 10% of Scilex's ownership interest in Semnur Pharmaceuticals, Inc.
The Board retains the right to continue to change any new record date and the ability to revoke the dividend entirely. This indefinite deferral introduces further uncertainty regarding the timing of value distribution to shareholders.
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