Scilex announces meme coin dividend requiring shareholder opt-in and digital wallet setup

Filed May 11, 2026 · Period ending May 11, 2026 · ~1 min read

Key Changes

• high

  Shareholders must actively opt in by creating a Datavault digital wallet and submitting an agreement to receive 5 Dream Bowl Meme Coin I tokens per share held as of April 30, 2026. This is not an automatic distribution.

  Item 8.01 verify on EDGAR →
• high

  The board explicitly reserves the right to revoke the entire dividend before the May 26, 2026 payment date, creating uncertainty even for shareholders who complete the opt-in process.

  Item 8.01 verify on EDGAR →
• medium

  The tokens are meme coins Scilex received from Datavault AI Inc. in December 2025 and carry no equity rights or warrants in Datavault, distinguishing them from traditional securities dividends.

  Item 8.01 verify on EDGAR →