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Scilex Holding Company Announces Its Board of Directors Approved May 26, 2026 as the Payment Date of the Previously Announced Dividend of Dream Bowl Meme Coin I Tokens to Record Holders of Common Stock and other Eligible Equity Securities as of the Re...
Scilex Holding Company Announces Its Board of Directors Approved May 26, 2026 as the Payment Date of the Previously Announced Dividend of Dream Bowl Meme Coin
About this update from Scilex Holding Company
[{"type":"text","content":"Scilex Holding Company Announces Its Board of Directors Approved May 26, 2026 as the Payment Date of the Previously Announced Dividend of Dream Bowl Meme Coin I Tokens to Record Holders of Common Stock and other Eligible Equity Securities as of the Record Date of April 30, 2026 \n PALO ALTO, Calif., May 04, 2026 (GLOBE NEWSWIRE) -- Scilex Holding Company (“Scilex” or the “Company”) (Nasdaq: SCLX), an innovative revenue-generating company focused on acquiring, developing, and commercializing non-opioid pain management products for the treatment of acute and chronic pain and neurodegenerative and cardiometabolic disease, today announced that its board of directors (the “Board”) fixed May 26, 2026 (the “Payment Date”) as the date on which the previously announced dividend (the “Dividend”) of Dream Bowl Meme Coin I tokens held by the Company (the “Dream Bowl Tokens”) will be paid to its record stockholders and certain other eligible equityholders of Scilex (collectively, the “Record Holders”) as of the close of business on April 30, 2026 (the “Record Date”). The Record Holders will be entitled to receive five (5) Dream Bowl Tokens for each one (1) share of common stock of the Company (“Common Stock”) held (or for each one (1) share of Common Stock issuable or deemed issuable upon exercise or conversion of such other eligible securities). Scilex currently holds approximately 268 million Dream Bowl Tokens and plans to distribute approximately 81.4 million of such Dream Bowl Tokens to the Record Holders. Scilex intends to list the Dream Bowl Tokens on the Biconomy exchange on biconomy.com (\"Biconomy\"), a global centralized cryptocurrency exchange, in the second quarter of 2026. Scilex believes that such listing may deliver liquidity and allow for broad distribution of such tokens for the Record Holders. The Payment Date may be changed by the Board for any reason at any time prior to the actual Payment Date, and the payment of the Dividend is conditioned upon the Board not having revoked the Dividend prior to the Payment Date, including for a material change to the solvency or surplus analysis presented to the Board. It is anticipated that, in order to receive the Dream Bowl Tokens, the Record Holders will be required to open a digital wallet with Datavault AI Inc. (“Datavault”) and execute an Opt-In Agreement, pursuant to which such ...