Company: SCLXW
Filing Date: 2025-05-14
Form Type: 424B3
Source: 0001193125-25-119846
Chunk: 445

Company: Scilex Holding Co
Filing Date: 2025-05-14
Form: 424B3
Chunk 445
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 registration statement and during any period when we shall have failed to maintain an effective registration statement, exercise warrants on a cashless basis pursuant to an available exemption from registration under the
Securities Act. If an exemption from registration is not available, holders will not be able to exercise their warrants on a cashless basis.

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The warrants will expire five years from the consummation of the Business Combination (i.e., November 10, 2027) at 5:00 p.m., New York City time or earlier upon redemption or liquidation. We may call the warrants for redemption (excluding the Private Warrants), in whole and not in part, at a price of $0.01 per warrant:

| • |     | at any time while the warrants are exercisable, |

| • |     | upon not less than 30 days’ prior written notice of redemption to each warrantholder, |

| • |     | if, and only if, the closing price of the Common Stock equals or exceeds $630.00 per share (as adjusted for share sub-divisions, share dividends, reorganizations and recapitalizations), for any 20 trading days within a 30 trading day period commencing after the warrants become exercisable and ending on the third 
 trading day prior to the date on which notice of redemption is given, and                                                                                                                                                                                                                                                 |

| • |     | if, and only if, there is an effective registration statement covering the Common Stock issuable upon exercise of 
 the Public Warrants, and a current prospectus relating thereto, available throughout the 30-day redemption.       |

We may not exercise such redemption right if the issuance of the Common Stock upon exercise of the warrants is not exempt from registration or qualification under applicable state blue sky laws or we are unable to effect such registration or qualification. The right to exercise will be forfeited unless the warrants are exercised prior to the date specified in the notice of redemption. On and after the redemption date, a record holder of a warrant will have no further rights except to receive the redemption price for such holder’s warrant upon surrender of such warrant. The redemption criteria for our warrants have been established at a price which is intended to provide warrantholders a reasonable premium to the initial exercise price and provide a sufficient differential between the then-prevailing per share price of our Common Stock and the warrant exercise price so that if the per share price of our Common Stock declines as a result of our redemption call, the redemption will not cause the per share price of