Scilex Holding Company (SCLX)

[Here Today]

Seems like the Market Makers and all the Brokerages who have been holding back giving out the 40+ million dividend shares must have been shorting the stock and now that the Bankruptcy court hearing for SRNEQ came out and said that they all need to report where and what the status of the shares are, should make in my opinion for a very nice continued Short Squeeze.

[Zchef]

No love if you can’t sell the dividend that was given to you. I just got off phone with broker. Bisque situation. The shares are restricted.

[ezyE]

Spread the love too srne

[ChickenHawk0-001avg]

I love the smell of burnt shorts in the morning, it reminds me of.... Beethoven.

[ChickenHawk0-001avg]

SCLX ROCKET SHIP!!!!

[Zchef]

So what’s up with these shares we got from SRNE dividend? When can we sell them?

[Here Today]

SQEEEEEEEEEEZZZZZZZZZZZZZZEEEEEEEEEEEEE

[Here Today]

Would LUV to see a 200% + squeeze now!!!

[Here Today]

I smell a short squeeze now that the Bankruptcy court has informed the Brokerages that they need to follow through and give the entitled shareholders of the dividends their shares so that they can vote accordingly at the annual shareholder meeting. It’s ridiculous that these Brokerages (mine included) are holding back the shares from the account because they say the shares do not have to be given into our accounts until sometime in May….. Total Horse Shit!!!

[ChickenHawk0-001avg]

https://www.reddit.com/r/BANDOFBROTHERSOFSRNE/comments/11u5iqy/i_scratch_my_head_today_there_is_no_news/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button

[ChickenHawk0-001avg]

New 10K

Scilex Holding Company (SCLX) - FORM 10-K | Annual Report https://seekingalpha.com/filing/7316522

https://www.reddit.com/r/BANDOFBROTHERSOFSRNE/comments/11r7wlj/scilex_10k/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button

[ChickenHawk0-001avg]

They should have some nice revenue coming in next fiscal year results.

[ChickenHawk0-001avg]

They should have some nice revenue coming in next fiscal year results.

[Invest-in-America]

SCLX: News just hit --- exclusive rights to a potent MIGRAINE PAIN drug from one of their (holding) firms. (But then, maybe PAIN, per se, just ain't "TRENDING" these days???)
https://www.globenewswire.com/news-release/2023/02/12/2606303/0/en/Scilex-Holding-Company-a-majority-owned-subsidiary-of-Sorrento-Therapeutics-Inc-acquires-rights-to-FDA-Approved-ELYXYB-in-the-U-S-and-Canada-for-the-acute-treatment-of-migraine.html
//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

[vinovista]

Sorrento Distributes Dividend Confirmation Statements to 146 Brokerage Firms and Provides Specific Instruction to Continental Stock Transfer & Trust Company Regarding the Dividend of Scilex Holding Company Common Stock
Fri, February 3, 2023 at 5:59 PM PST
Sorrento Therapeutics, Inc.
Sorrento Therapeutics, Inc.
SAN DIEGO, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Sorrento Therapeutics, Inc. (Nasdaq: SRNE, “Sorrento”) today distributed dividend confirmation statements to 146 brokerage firms regarding its recent dividend to Sorrento stockholders of shares of common stock of Scilex Holding Company (Nasdaq: SCLX, “Scilex”) held by Sorrento. These statements, which contain the account numbers and amount of Scilex dividend shares, were previously mailed out by Continental Stock Transfer & Trust Company.

The dividend confirmation statements are being distributed on behalf of Sorrento and Scilex to notify each brokerage firm of Sorrento’s previously announced stock dividend (the “Dividend”) consisting of an aggregate of 76,000,000 shares (the “Dividend Stock”) of common stock of Scilex held by Sorrento to record holders of (i) Sorrento’s common stock (the “Record Common Holders”) as of the close of business on January 9, 2023 (the “Record Date”), and (ii) certain warrants to purchase Sorrento common stock (which have or may have the right to participate in the Dividend pursuant to the terms of their respective warrants).

According to Sorrento’s estimates, approximately 60 million or more shares of Sorrento common stock were sold “short” as of the Record Date. In the event the shares of Sorrento common stock were held through a brokerage firm, bank, dealer or other similar organization and were sold “short” as of the Record Date, holders should consult with their financial advisor, broker or other agent immediately to determine whether they may also be deemed “short” Scilex common stock as a result of the Dividend, as well as any obligations required for you to cover your “short” position(s). Please note that “naked short” sales or “naked short” positions in any Sorrento common stock may constitute a violation of the U.S. Securities and Exchange Commission Regulation SHO.

Each Record Common Holder is entitled to receive 0.1410127 of a share of Scilex common stock for each one share of Sorrento common stock held by such Record Common Holder as of the close of business on the Record Date. The payment date for the Dividend was January 19, 2023. The resulting fewer number of shares of Scilex common stock that will be available to trade could cause the trading market of the common stock of Scilex to become less liquid. As noted above, Scilex’s transfer agent, Continental Stock Transfer & Trust Company (“CST”), has already distributed to brokerage firms, as the Record Common Holder (for the benefit of their customers that held Sorrento common stock on the Record Date), a book-entry/DRS transaction confirmation (the “Dividend Confirmation Statement”) reflecting the portion of the Dividend Stock allocated to such firm (for the benefit of their customers that held Sorrento common stock on the Record Date), which Dividend Confirmation Statements were mailed to the addresses on record with The Depository Trust & Clearing Corporation.

In the event that brokerage firms did not receive copies of the Dividend Confirmation Statements, please contact CST immediately. Sorrento and Scilex are requesting that each brokerage firm distribute the Dividend Stock to the actual beneficial owners thereof and to reflect Scilex’s CUSIP number 80880W106 and value of Scilex common stock on each beneficial owner’s brokerage statement.

Sorrento and Scilex have given specific instructions to Scilex’s transfer agent, CST, on how to answer certain inquiries from Record Holders and brokerage firms:

To obtain a copy of the Dividend Confirmation Statement and to have the Dividend Stock reflected on such Dividend Confirmation Statement further distributed to the actual beneficial owners thereof, please contact Scilex’s transfer agent, CST, by phone or email at:

Continental Stock Transfer & Trust Company
Telephone Number: 800-509-5586
Email Address: [e-mail]

Broker List





















About Sorrento Therapeutics, Inc.

Sorrento is a clinical and commercial stage biopharmaceutical company developing new therapies to treat cancer, pain (non-opioid treatments), autoimmune disease and COVID-19. Sorrento's multimodal, multipronged approach to fighting cancer is made possible by its extensive immuno-oncology platforms, including key assets such as Abivertinib, next-generation tyrosine kinase inhibitors (“TKIs”), fully human antibodies (“G-MAB™ library”), immuno-cellular therapies (“DAR-T™”), antibody-drug conjugates (“ADCs”), and oncolytic virus (“Seprehvec™”). Sorrento is also developing potential antiviral therapies and vaccines against coronaviruses, including STI-1558, COVI-MSC™; and diagnostic test solutions, including COVIMARK™.

Sorrento's commitment to life-enhancing therapies for patients is also demonstrated by our effort to advance a TRPV1 agonist, non-opioid pain management small molecule, resiniferatoxin (“RTX”), and SP-102 (10 mg, dexamethasone sodium phosphate viscous gel) (SEMDEXA™), a novel, viscous gel formulation of a widely used corticosteroid for epidural injections to treat lumbosacral radicular pain, or sciatica, and to commercialize ZTlido® (lidocaine topical system) 1.8% for the treatment of postherpetic neuralgia (PHN). RTX has been cleared for a Phase II trial for intractable pain associated with cancer and a Phase II trial in osteoarthritis patients. Positive final results from the Phase III Pivotal Trial C.L.E.A.R. Program for SEMDEXA™, its novel, non-opioid product for the treatment of lumbosacral radicular pain (sciatica), were announced in March 2022. ZTlido® was approved by the FDA on February 28, 2018.

For more information visit

Media and Investor Relations
Contact: Brian Cooley
Email:

Sorrento® and the Sorrento logo are registered trademarks of Sorrento Therapeutics, Inc.
G-MAB™, DAR-T™, Seprehvec™, SOFUSA™, COVI-MSC™, COVIMARK™, Ovydso™ and Fujovee™ are trademarks of Sorrento Therapeutics, Inc.
SEMDEXA™ (SP-102) is a trademark of Semnur Pharmaceuticals, Inc. A proprietary name review by the FDA is planned.
ZTlido® is a registered trademark owned by Scilex Pharmaceuticals Inc. All other trademarks are the property of their respective owners.
©2023 Sorrento Therapeutics, Inc. All Rights Reserved.

[vinovista]

The whole story:
https://investors.sorrentotherapeutics.com/news-releases/news-release-details/sorrento-issues-faq-regarding-dividend-scilex-holding-company

[vinovista]

Looks like today might be the day where there is a major fire in the shorts camp. Hope no one gets burn that doesn't earn it.

[dinogreeves]

Looks like this is going to squeeze big.

[ChickenHawk0-001avg]

Approvals are on the way. I'm sure this board will light up.

[vinovista]

Well here it is: a new playground. It will be interesting to see how quickly it fills up.
https://investors.sorrentotherapeutics.com/node/13671/html
https://investors.sorrentotherapeutics.com/node/13676/html