Company: SCLXW
Filing Date: 2025-12-29
Form Type: 424B3
Source: 0001193125-25-335429
Chunk: 145

Company: Scilex Holding Co
Filing Date: 2025-12-29
Form: 424B3
Chunk 145
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 the Tranche B Notes into Common Stock or otherwise, will dilute the holdings of existing stockholders and may reduce the share price of our Common Stock.

Pursuant to the Equity Incentive Plan, which became effective on November 9, 2022, we are authorized to grant equity awards to our
employees, directors and consultants. In addition, pursuant to the ESPP, which became effective on November 9, 2022, we are authorized to sell shares to our employees. Further, pursuant to the Inducement Plan, which was adopted on
January 17, 2023, we are authorized to grant equity awards to individuals as a material inducement to join the Company. A total of 703,670 shares of Common Stock (which number of shares accounts for the automatic annual increase on
January 1, 2025), 170,573 shares of Common Stock (which number of shares accounts for the annual increase on January 1, 2025) and 40,000 shares of our Common Stock have been reserved for future issuance under the Equity Incentive Plan, the
ESPP and the Inducement Plan, respectively. In addition, the Equity Incentive Plan and ESPP provide for annual automatic increases in the number of shares reserved thereunder, in each case, beginning on January 1, 2023. As a result of such
annual increases, our stockholders may experience additional dilution, which could cause the price of our Common Stock to fall.

Pursuant
to the Amended and Restated Registration Rights Agreement, dated as of November 10, 2022, by and among us, Vickers Venture Fund VI Pte Ltd, Vickers Venture Fund VI (Plan) Pte Ltd, Sorrento Therapeutics, Inc. and certain security holders set
forth on the signature pages thereto (the “November 2022 Registration Rights Agreement”), which was entered into in connection with the Scilex Business Combination, certain stockholders of Vickers and Legacy Scilex can each demand that
we register their registrable securities under certain circumstances and will each also have piggyback registration rights for these securities. In addition, we are required to file and maintain an effective registration statement under the
Securities Act covering such securities and certain of our other securities. We have filed a registration statement on Form S-1 (File No. 333-268603) which was
initially declared effective by the SEC on December 27