Company: SCLXW
Filing Date: 2025-02-14
Form Type: PRE 14A
Source: 0001193125-25-027244
Chunk: 26

Company: Scilex Holding Co
Filing Date: 2025-02-14
Form: PRE 14A
Chunk 26
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036 | ) |     |                          |    (328,645 | ) |     |      |    (209,138 | ) |     |    (153,367 | ) |
| Authorized but unissued and unreserved                                                            |     |             | 184,138,571 |   |     |                          | 691,242,040 |   |     |      | 705,426,753 |   |     | 712,046,285 |   |

| * | The terms of these warrants do not provide for adjustment in connection with the Reverse Stock Split. |

| ** | The reserve amounts were determined in accordance with the terms of the purchase agreement for such 
 securities.                                                                                         |

The Common Stock and the Public Warrants are currently registered under Section 12(b) of the Exchange Act, and the Company is subject to the periodic reporting and other requirements of the Exchange Act. The Reverse Stock Split would not affect the registration of the Common Stock and the Public Warrants under the Exchange Act. After the Reverse Stock Split, the Common Stock would continue to be quoted on the Nasdaq Capital Market under the symbol “SCLX” (although the Nasdaq Capital Market would likely add the letter “D” to the end of the trading symbol for a period of approximately 20 trading days to indicate that the Reverse Stock Split has occurred) and the Public Warrants would continue to be quoted on the Nasdaq Capital Market under the symbol “SCLXW.” Certain Risks and Potential Disadvantages Associated with the Reverse Stock Split If the Reverse Stock Split is implemented, some stockholders may consequently own fewer than one hundred shares of the Common Stock. A purchase or sale of fewer than one hundred shares (an “odd lot” transaction) may result in incrementally higher trading costs through certain brokers, particularly “full service” brokers. Therefore, those stockholders who own fewer than one hundred shares following the Reverse Stock Split may be required to pay modestly higher transaction costs should they then determine to sell their shares of Common Stock. The effect of the Reverse Stock Split upon the market prices for the Common Stock cannot be accurately predicted, and the history of similar stock split combinations for companies in like circumstances is varied. In 17

particular, there is no assurance that the price per share of the Common Stock after the Reverse Stock Split will be 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24,