Scilex approves cryptocurrency token dividend for shareholders

Scilex Holding Company (NASDAQ: SCLX) announced its board approved a dividend of Dream Bowl I Meme Coin Tokens to stockholders and other eligible equity holders with a record date of April 30, 2026.

Eligible holders will receive five Dream Bowl Tokens for each share of Scilex common stock held. The company holds approximately 268 million Dream Bowl Tokens and plans to distribute approximately 81.4 million tokens to participating holders.

The board may change the record date before the payment date, and the dividend payment is subject to board revocation, including for material changes to solvency analysis. The payment date will be determined by subsequent board resolutions within 60 days of the record date.

Recipients will be required to open a digital wallet with Datavault AI Inc. and execute an Opt-In Agreement. The company will provide instructions for wallet setup and token access before the payment date.

Scilex plans to list the Dream Bowl Tokens on the Biconomy cryptocurrency exchange at a later date. The company stated the listing may provide liquidity for token holders.

The press release specified that Dream Bowl Tokens are digital collectibles for personal, non-commercial use only. The tokens do not represent equity, voting, dividend, or ownership rights in Scilex or other entities. They are not designed as investments, currency, or financial products and are limited to entertainment, event-access, and digital-collectible functions.

Scilex is a pharmaceutical company focused on non-opioid pain management products and operates commercial products including ZTlido, ELYXYB, and Gloperba.

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