Scilex Holding Co (SCLXW)
CIK 1820190 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 8.5M shares as of May 15, 2026 (10-Q). Share count fell from 243.3M to 7.0M between Mar 25, 2025 and May 9, 2025, a pattern consistent with a reverse split (roughly 1-for-35); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Cash runway
Going-concern warning
auditor flagged substantial doubt
The company itself flagged going-concern doubt in a filing.
Full breakdown: cash runway tool
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| Penny Warrants | 6.5M | $0.01 | — | — |
| Common Warrants | 3.3M | not tagged | — | — |
| Placement Agent Warrants | 1.2M | $29 | — | — |
| October Common Warrants | 214,284 | $36.4 | — | — |
| New Tranche B Warrants | not tagged | not tagged | — | FV $500.0M |
| Closing Penny Warrant | not tagged | $0.01 | — | — |
| Subsequent Penny Warrants | not tagged | $0.01 | — | — |
Tranches exactly as the company dimensioned them in its 10-Q filed May 20, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.
Warrants outstanding: 156,220 underlying shares, as reported Mar 31, 2026 (10-Q).
Reported exercise price: $36.4 (aggregate figure as tagged; individual tranches vary).
Rough fully diluted estimate: 8.6M = 8.5M O/S + 156,220 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| Deferral and Consent Under Tranche B Senior Secured Convertible Note | $6.25B | — | not tagged | — | — |
| Senior Secured Convertible Notes | $50.0M | — | $36.4 | — | ~1.4M sh |
| Senior Notes | not tagged | $28.9M | not tagged | — | — |
| Q Scan Note | not tagged | $20.0M | not tagged | — | — |
If every note above converted at its tagged price: ~1.4M new shares on 8.5M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.
Notes exactly as the company dimensioned them in its 10-Q filed May 20, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 8.5M | May 15, 2026 |
| + Penny Warrants (if exercised) | 6.5M | Mar 31, 2026 |
| + Common Warrants (if exercised) | 3.3M | Mar 31, 2026 |
| + Placement Agent Warrants (if exercised) | 1.2M | Mar 31, 2026 |
| + October Common Warrants (if exercised) | 214,284 | Oct 7, 2024 |
| + Senior Secured Convertible Notes (if fully converted) | 1.4M | Oct 8, 2024 |
| Fully diluted estimate | 21.0M | +147.7% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Registered offering capacity on live registrations: $502.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
Last 12 months: 6 executed · 3 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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