Scilex Closes Exchange of Semnur Common Stock for $200 Million in Bitcoin

MT Newswires Live

2025/09/25

Scilex (SCLX) said Thursday that it has closed an exchange of $200 million worth of common stock of its majority owned subsidiary Semnur Pharmaceuticals for $200 million in Bitcoin.

The company said the transaction with an institutional investor included 12.5 million Semnur shares at $16 per share.

Shares of Scilex were up 1% in recent premarket activity Thursday.

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