Biconomy /
Semnur
Biconomy completes purchase of Semnur shares
Source for the buyer and target: Scilex Holding Co
For the buyer and target.
“On September 23, 2025, Scilex Holding Company (the “Company”), Scilex, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Scilex, Inc.” and together with the Company, the “Scilex Sellers”) and, solely with respect to certain registration rights described below, Semnur Pharmaceuticals, Inc., a majority owned subsidiary of the Company (“Semnur”), entered into a Securities Purchase Agreement (“Biconomy Resale SPA”) with Biconomy PTE.LTD (“Biconomy”).”
Published 26 Sep 2025
Open the sourceWhat happened
Biconomy purchased 12,500,000 shares of Semnur common stock from Scilex Holding Company and Scilex, Inc. The transaction closed on Sept. 25, 2025. [01]
The shares were sold for $16.00 per share, with payment in Bitcoin. [01]
The source
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Biconomy completes purchase of Semnur shares
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Open the sourceTimeline
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Closed
“Biconomy completes purchase of Semnur shares Biconomy purchased 12,500,000 shares of Semnur common stock from Scilex Holding Company and Scilex, Inc. The transaction closed on Sept. 25, 2025”
Open the source
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