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What's Going on With Scilex Holding Stock Monday?

BenzingaAkanksha Bakshi

Scilex Holding Company signs a binding term sheet for a $100M strategic investment from iHolding Group LLP to fuel growth.

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  1. Globenewswire IncNa

    Scilex Holding Company Announces Signing of Binding Term Sheet for Proposed $100 Million Strategic Investment from iHolding Group LLP

    Scilex Holding Company announced a binding term sheet with Kazakhstan-based iHolding Group LLP for a $100 million strategic investment at $15 per share (approximately 6.67 million shares). The investment will support Scilex's growth initiatives including product development, commercialization, acquisitions, and strategic partnerships. The deal remains subject to due diligence, definitive agreements, board and stockholder approvals, and regulatory clearances.