Scilex Holding Co. Changes Independent Auditor
Ticker: SCLXW · Form: 8-K · Filed: Nov 20, 2024 · CIK: 1820190
| Field | Detail |
|---|---|
| Company | Scilex Holding Co (SCLXW) |
| Form Type | 8-K |
| Filed Date | Nov 20, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
Scilex swapped auditors from Marcum LLP to BDO USA, P.A. effective Nov 19, 2024.
AI Summary
Scilex Holding Company announced on November 19, 2024, a change in its certifying accountant. The company has dismissed Marcum LLP as its independent registered public accounting firm and has appointed BDO USA, P.A. as its new principal accountant. This change is effective immediately.
Why It Matters
A change in auditor can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors should monitor.
Risk Assessment
Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial restatements or other disclosures that may impact investor confidence.
Key Players & Entities
- Scilex Holding Company (company) — Registrant
- Marcum LLP (company) — Former Certifying Accountant
- BDO USA, P.A. (company) — New Certifying Accountant
- November 19, 2024 (date) — Effective date of auditor change
FAQ
Why did Scilex Holding Company change its certifying accountant?
The filing states that the change was made by the Company and does not provide specific reasons for the dismissal of Marcum LLP or the appointment of BDO USA, P.A.
When was the change in certifying accountant effective?
The change was effective as of November 19, 2024.
Who was Scilex Holding Company's previous independent auditor?
Scilex Holding Company's previous independent auditor was Marcum LLP.
Who is Scilex Holding Company's new principal accountant?
Scilex Holding Company has appointed BDO USA, P.A. as its new principal accountant.
Does this filing indicate any disagreements with the former auditor?
The filing does not mention any disagreements between Scilex Holding Company and Marcum LLP.
Filing Stats: 2,052 words · 8 min read · ~7 pages · Grade level 19.9 · Accepted 2024-11-20 06:04:30
Key Financial Figures
- $0.0001 — ich registered Common stock, par value $0.0001 per share SCLX The Nasdaq Stock Mar
- $11.50 — mon stock, each at an exercise price of $11.50 per share SCLXW The Nasdaq Stock Ma
Filing Documents
- d874287d8k.htm (8-K) — 40KB
- 0001193125-24-262065.txt ( ) — 203KB
- sclxw-20241119.xsd (EX-101.SCH) — 4KB
- sclxw-20241119_def.xml (EX-101.DEF) — 14KB
- sclxw-20241119_lab.xml (EX-101.LAB) — 23KB
- sclxw-20241119_pre.xml (EX-101.PRE) — 15KB
- d874287d8k_htm.xml (XML) — 6KB
Forward-Looking Statements
Forward-Looking Statements Additional risks and uncertainties faced by the Company are contained from time to time in the Company's filings with the SEC, including, but not limited to, the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as filed with the SEC on March 12, 2024, and its quarterly reports on Form 10-Q and current reports on Form 8-K, which you may obtain for free on the SEC's website at www.sec.gov. Collectively, these risks and uncertainties could cause the Company'
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 104 Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL). 4
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SCILEX HOLDING COMPANY By: /s/ Jaisim Shah Name: Jaisim Shah Title: Chief Executive Officer & President Date: November 20, 2024 5