Scilex Holding Company Announces the Completion of the First Tranche of the Oramed Pharmaceuticals, Inc. Warrant Repurchase

PALO ALTO, Calif., Oct. 01, 2025 (GLOBE NEWSWIRE) -- Scilex Holding Company (“Scilex” or the “Company”) (Nasdaq: SCLX), an innovative revenue-generating company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain and neurodegenerative and cardiometabolic disease, today announced that it has repurchased 3,130,000 warrants to purchase shares of Scilex common stock having an exercise price of $0.01 per share (“Warrants”) from Oramed Pharmaceuticals Inc. (“Oramed”) for $13,000,000. As previously disclosed, Scilex entered into an option agreement with Oramed for the repurchase of Warrants, pursuant to which, among other things, Oramed granted an option to Scilex to repurchase 6,500,000 warrants in two tranches for an aggregate purchase price of $27,000,000. Scilex continues to have the option to repurchase the remaining 3,370,000 warrants from Oramed for $14,000,000 on or before December 31, 2025.

Read more at globenewswire.com