Scilex Holding Company announced the filing of its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. This filing addresses the previous delay that led to a Nasdaq non-compliance notice.
Following the filing, the company received notification from The Nasdaq Stock Market LLC that it has regained compliance with Nasdaq Listing Rule 5250(c)(1). This resolves a significant regulatory issue for Scilex.
The timely filing and regaining of compliance are crucial for maintaining the company's listing on Nasdaq and mitigating potential defaults under its existing debt obligations, which were triggered by the initial delay.
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