tiprankstipranks
Scilex announces early installment payment on senior secured promissory note
The Fly

Scilex announces early installment payment on senior secured promissory note

Scilex (SCLX) Holding Company has voluntarily made an early installment payment in the aggregate amount of $13.2 million under its senior secured promissory note issued to Oramed (ORMP) Pharmaceuticals in September 2023. Subsequent to this early installment payment, the remaining principal balance under the Oramed Note will be payable in one final payment on March 21, 2025, and the Oramed Note will be retired in its entirety.

Pick the best stocks and maximize your portfolio:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App