Item 7.01. Regulation FD Disclosure.

As previously reported on the Current Report on Form 8-K filed with the Securities and Exchange Commission on December 30, 2022, the board of directors (the "Board") of Sorrento Therapeutics, Inc. (the "Company") declared a stock dividend (the "Dividend") consisting of an aggregate of 76,000,000 shares (the "Dividend Stock") of common stock, par value $0.0001 per share, of Scilex Holding Company (the "Scilex Common Stock") held by the Company to record holders of (i) the Company's common stock, par value $0.0001 per share (such stock, the "Company Common Stock" and such record holders, the "Record Common Holders") as of the close of business on January 9, 2023 (the "Record Date"), and (ii) certain warrants to purchase Company Common Stock that, among other things, have not been exercised prior to the ex-dividend date under the rules of The Nasdaq Stock Market LLC (and which have or may have the right to participate in the Dividend pursuant to the terms of their respective warrants).

On January 5, 2023, the Board fixed the date on which the Dividend shall be paid to be January 19, 2023 (the "Payment Date"), such Payment Date being within 60 days following the Record Date.

The Dividend Stock will be subject to certain transfer restrictions through May 11, 2023. Payment of the Dividend is conditioned upon the Board not revoking the dividend prior to the Payment Date.

The information under this Item 7.01 of this Current Report on Form 8-K is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such a filing. This report will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.

The information in this Current Report on Form 8-K may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements, other than statements of historical or current fact, are statements that could be deemed forward-looking statements, including, without limitation, statements relating to our declaration and payment of dividends. Forward-looking statements are based on the current beliefs, assumptions, and expectations of management and current market conditions. There can be no assurance that future dividends will be declared, and the payment of this dividend is expressly conditioned on the Board not revoking the dividend before the Payment Date.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibit.



Exhibit No. Description

104         Cover Page Interactive Data, formatted in Inline Extensible Business
            Reporting Language (iXBRL).

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