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Scilex Holding Company entered into a binding term sheet with Datavault AI Inc. to purchase 837 Bitcoin (BTC) for a…
SCLXScilex Holding Co
Scilex Holding Company entered into a binding term sheet with Datavault AI Inc. to purchase 837 Bitcoin (BTC) for a total of $50 million. The company plans to pay $30 million initially, with the remaining $20 million in quarterly installments from Q4 2026 through December 31, 2028. Payment can be made in cash, common stock, or subsidiary securities. Scilex Holding Company is a pharmaceutical company focused on developing and commercializing pain management solutions.