Company: SCLXW
Filing Date: 2025-12-29
Form Type: 424B3
Source: 0001193125-25-335429
Chunk: 597

Company: Scilex Holding Co
Filing Date: 2025-12-29
Form: 424B3
Chunk 597
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 approval (i) to give full effect to the terms of the Datavault Pre-FundedWarrant, and (ii) with respect to an amendment to its certificate of incorporation to increase the number of shares of Datavault Common Stock authorized for issuance to up to 1.5 billion (or such greater amount as is necessary to issue the Datavault Pre-FundedWarrant Shares to the Company). A stockholder meeting to secure such approval must be held within 75 days of the Initial Closing Date, with additional meetings scheduled, if necessary, every four months thereafter until approval is obtained. Pursuant to the Datavault SPA, following Datavault’s receipt of the stockholder approval, Datavault will issue the Company the Datavault Pre-FundedWarrant to purchase 263,914,094 shares of Datavault Common Stock (such shares, the “Datavault Pre-FundedWarrant Shares”) in exchange for an aggregate of approximately $141.9 million, to be settled in Bitcoin. The exercise price of the Datavault Pre-FundedWarrant will be $0.0001 per share. The Datavault Pre-FundedWarrant will be immediately exercisable upon issuance and will expire when exercised in full. Digital Assets On September 23, 2025, the Company entered into a securities agreement with Biconomy PTE Ltd (“Biconomy”), pursuant to which the Company sold to Biconomy an aggregate of 12,500,000 Semnur Common Shares held by the Company for proceeds of $200.0 million in Bitcoin. In September 2025, the Company received Bitcoin in exchange for the sale of a portion of the shares of the Company’s majority owned subsidiary Semnur then held by the Company to Biconomy. The table below summarizes the amounts shown on our consolidated balance sheet as of September 30, 2025 (in thousands except units of digital assets):

|                      |     | September 30, 2025 |       |     |            |         |     |            |         |
|:---------------------|:----|:-------------------|------:|:----|:-----------|--------:|:----|:-----------|--------:|
|                      |     | Units              |       |     | Cost Basis |         |     | Fair Value |         |
| Bitcoin              |     |                    | 1,720 |     | $          | 191,931 |     | $          | 196,633 |