Scilex Holding Company announced that the U.S. Bankruptcy Court for the Southern District of Texas has extended the lock-up period on shares of Scilex Dividend Stock.
These shares were previously distributed by Sorrento Therapeutics, Inc. to its stockholders as a dividend on January 19, 2023. The lock-up period has been extended to April 14, 2025.
During this extended period, any shares of the Dividend Stock, including those held by brokerage firms, may not be sold, transferred, or otherwise disposed of. This extension applies only to the Dividend Stock and not to other outstanding Scilex securities.
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