Scilex extends $20 million credit line to related company Vivasor

Scilex Holding Company disclosed in a Form 8-K that on August 8, 2026, it entered into a Promissory Note establishing an uncommitted revolving line of credit in favor of Vivasor, Inc. for a maximum aggregate principal amount of up to $20,000,000.¹

The facility carries a long timeline: the Note has a stated maturity of 120 months from the effective date.¹ Under its structure, Vivasor may request advances in multiple borrowings prior to maturity, provided the aggregate outstanding balance never exceeds the maximum credit amount, and amounts repaid may be reborrowed.¹

Scilex retains discretion over funding. The Note is uncommitted, meaning the company has no obligation to fund any drawdown, and each drawdown will only be funded if, when, and to the extent Scilex agrees in its sole discretion.¹ If funded, drawdowns may be paid in cash, freely tradable Scilex securities, shares of common stock of Datavault AI, Inc. held by Scilex or its subsidiaries, or some combination of these.¹

On pricing and repayment, borrowings bear interest at 5% per annum, accruing from the date each drawdown is funded, with all principal and accrued interest due in full at maturity.¹ Vivasor may prepay the Note in whole or in part at any time without penalty.¹ The Note becomes immediately due and payable upon certain customary events of default.¹

The filing notes a leadership overlap between the two companies: Dr. Henry Ji, Ph.D., Scilex's current Chief Executive Officer, President and Chairperson, currently serves as Chief Executive Officer of Vivasor.¹ The Note was approved by Scilex's Board of Directors and its Audit Committee.¹