DividendMay 22, 2026, 01:17 PM
Scilex Approves Semnur Stock Dividend to Shareholders
AI Summary
Scilex Holding Company announced that its board of directors approved a dividend of Semnur Pharmaceuticals, Inc. common stock to its stockholders and other eligible equityholders. The record date for the dividend is set for June 1, 2026, with participating holders receiving one share of Semnur common stock for each share of Scilex common stock. Scilex intends to distribute approximately 10.7 million shares of Semnur common stock, with the payment date to be determined within 60 days following the record date, subject to Board approval and conditions.
Key Highlights
- Scilex's Board approved a dividend of Semnur Pharmaceuticals common stock to its stockholders.
- The record date for the dividend is June 1, 2026.
- Participating holders will receive one share of Semnur common stock for each share of Scilex common stock held.
- Scilex plans to distribute approximately 10.7 million shares of Semnur common stock.
- The payment date will be determined by subsequent Board resolutions, within 60 days of the Record Date.
- The Board reserves the right to change the Record Date or revoke the dividend prior to payment.
Price Impact
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