Scilex Said On July 5, Bankruptcy Court Entered Interim Order Approving Junior Dip Facility Between Sorrento, Scintilla, Co On Interim Basis
Portfolio Pulse from Charles Gross
Scilex announced that on July 5, a bankruptcy court entered an interim order approving a Junior Dip Facility between Sorrento, Scintilla, and the company on an interim basis.
July 07, 2023 | 10:15 am
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The bankruptcy court's interim order approving a Junior Dip Facility between Sorrento, Scintilla, and Scilex could impact Scilex's financial situation.
The approval of the Junior Dip Facility by the bankruptcy court indicates that Scilex is in a financial situation that requires external funding. This could potentially lead to a decrease in the company's stock price in the short term.
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