On January 30, 2023 Scilex Holding Company (Nasdaq: SCLX) reported that its majority stockholder, Sorrento Therapeutics, Inc. (Nasdaq: SRNE, "Sorrento") today posted a "Frequently Asked Questions" document under the "Investors" section of its website at www.sorrentotherapeutics.com regarding its recent dividend to Sorrento stockholders of shares of common stock of Scilex Holding Company held by Sorrento (Press release, Sorrento Therapeutics, JAN 30, 2023, View Source [SID1234626646]).
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The FAQs address questions regarding the details of the dividend, including the record date, payment date, dividend ratio, distribution of the shares of Scilex common stock, how Sorrento stockholders can obtain certain information regarding the dividend, CUSIP information for Scilex common stock, and transfer restrictions on the dividend stock as well as questions related to issues that may arise with respect to the dividend in connection with short positions in Sorrento common stock.
The FAQs and related annexes are included in this press release and can also be found on Scilex’s website View Source