Company: SCLXW
Filing Date: 2025-12-16
Form Type: S-1
Source: 0001193125-25-319720
Chunk: 509

Company: Scilex Holding Co
Filing Date: 2025-12-16
Form: S-1
Chunk 509
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 other comprehensive income. The Company uses a Scenario-Based Method valuation technique to measure the fair value of the purchased revenue liability. The fair value as of December 31, 2024, was determined to be $ 6.8million. For the year ended December 31, 2024, the Company recorded a loss of $ 0.9million in change in fair value of the purchased revenue liability in the consolidated statement of operations. Convertible Debentures In March and April 2023, the Company issued the Convertible Debentures in the principal amount of $ 25.0million (see Note 7). The Convertible Debentures were measured at fair value on a recurring basis using Level 3 inputs. The Company used the Binomial Lattice Model valuation technique to measure the fair value of the Convertible Debentures with any changes in the fair value of the Convertible Debentures recorded in the consolidated statements of operations and comprehensive loss. Interest expense related to the Convertible Debentures is included in the changes in fair value. For the years ended December 31, 2024 and 2023, the Company recorded a loss of $ 35.0thousand and a loss of $ 4.4million in change in fair value of the Convertible Debentures, respectively. The Company fully repaid the Convertible Debentures in March 2024. Derivative Liabilities The Company recorded a gain of $ 17.4million for the year ended December 31, 2024, attributed to warrant liabilities consisting of the Private Warrants, the February 2024 BDO Firm Warrants, the April 2024 RDO Common Warrants, the October 2024 Noteholder Warrants, and December 2024 RDO Common Warrants (each as defined below). The Company recorded a loss of $ 0.5 million for the year ended December 31, 2023, on derivative liabilities which was attributed to the Private Warrants that the Company assumed from Vickers in November 2022 in connection with the Business Combination (“Private Warrants”) . F-22

As of December 31, 2024, the following warrants to purchase Common Stock that are included in derivative liabilities were outstanding: 1,000,000 Private Warrants, which are currently exercisable for an aggregate of up to 28,572shares of Common Stock, 3,803,447 February 2024 BDO Firm Warrants, which are currently