Scilex to Distribute 81.4M Dream Bowl Meme Tokens to Shareholders
Scilex’s Board approved a dividend of five Dream Bowl I Meme Coin Tokens per common share for record date April 30, 2026, distributing approximately 81.4 million tokens from its 268 million token holdings. Recipients must opt into Datavault wallets and tokens will carry no equity rights.
1. Board Approval of Meme Token Dividend
Scilex’s Board approved a dividend of five Dream Bowl I Meme Coin Tokens per share of common stock and eligible securities. The record date is set for April 30, 2026, with payment within 60 days unless the Board revises or revokes the distribution.
2. Distribution Mechanics and Holdings
Scilex holds approximately 268 million Dream Bowl Tokens and plans to distribute about 81.4 million tokens to participating holders. To receive tokens, eligible shareholders must open a Datavault digital wallet and sign an Opt-In Agreement acknowledging conditions and potential date changes.
3. Token Characteristics and Listing Plans
Dream Bowl Tokens serve as personal digital collectibles with no equity, voting, or profit rights. The Company intends to list tokens on the Biconomy exchange to facilitate potential liquidity and broad distribution.