Scilex confirms $12 million Vivasor stock repurchase deal in 8-K filing

Scilex Holding Company filed an 8-K disclosing that on July 18, 2026 it entered into a stock repurchase agreement with Vivasor Holding Company. Under the deal, Scilex agreed to sell to Vivasor 6,101,468 shares of Vivasor's Series A-1 Preferred Stock, par value $0.00001 per share, and 355,919 shares of Vivasor's Series A-2 Preferred Stock, par value $0.00001 per share, shares the company had originally acquired in January 2026.¹

The total purchase price comes to $11,999,762.28, which Vivasor may pay by wire transfer, by assigning shares of Datavault AI, Inc. common stock held by its subsidiary Vivasor, Inc., or by some combination of the two methods.¹

The payment is split into five tranches: $999,980.97 on July 18, 2026; $4,999,901.10 at any time on or before September 30, 2026; $1,999,960.07 at any time after September 30, 2026 but on or before December 31, 2026; $1,999,960.07 at any time after December 31, 2026 but on or before March 31, 2027; and $1,999,960.07 at any time after March 31, 2027 but on or before June 30, 2027.¹

The filing points to a related-party link between the two companies. Dr. Henry Ji, who currently serves as Scilex's Chief Executive Officer, President and Chairperson, is also the Chief Executive Officer of Vivasor.¹

Scilex noted that the agreement includes the kinds of representations, warranties, covenants and indemnification terms typical for this type of transaction, and it filed the full text as "Stock Repurchase Agreement, dated July 18, 2026, by and among Vivasor Holding Company, Vivasor, Inc. and Scilex Holding Company"¹ as Exhibit 10.1. The report was signed on July 22, 2026¹ by Henry Ji in his capacity as Chief Executive Officer and President.