Scilex /
Sorrento
Scilex completes purchase of securities from Sorrento
What happened
Scilex acquired securities held by Sorrento in Scilex Holding Company on Sept. 21, 2023. The transaction covered common shares, preferred shares and warrants.
The consideration included $110 million, assumption of certain legal fees and expenses, and a credit bid of approximately $23 million.
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Scilex completes purchase of securities from Sorrento
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