Company: SCLXW
Filing Date: 2025-01-17
Form Type: 424B3
Source: 0000950170-25-006774
Chunk: 31

Company: Scilex Holding Co
Filing Date: 2025-01-17
Form: 424B3
Chunk 31
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    |        7,408 |

6. Goodwill and Intangible Assets

As of September 30, 2024 and December 31, 2023, the Company had recorded goodwill of $13.5 million. No goodwill impairment was recognized for the nine months ended September 30, 2024 and 2023.

Amortization of the intangible assets that have finite useful lives is generally recorded on a straight-line basis over their useful lives, ranging from 7.1 to 13.3 years. A summary of the Company’s identifiable intangible assets as of September 30, 2024 and December 31, 2023 is as follows (in thousands):

|                         | September 30, 2024    |        |     |                          |        |     |                  |        |
|:------------------------|:----------------------|-------:|:----|:-------------------------|-------:|:----|:-----------------|-------:|
|                         | Gross Carrying Amount |        |     | Accumulated Amortization |        |     | Intangibles, net |        |
| Patent rights           | $                     | 32,630 |     | $                        | 17,226 |     | $                | 15,404 |
| Acquired technology     |                       | 21,940 |     |                          |  8,777 |     |                  | 13,163 |
| Acquired licenses       |                       |  5,711 |     |                          |    824 |     |                  |  4,887 |
| Assembled workforce     |                       |    500 |     |                          |    500 |     |                  |      — |
| Total intangible assets | $                     | 60,781 |     | $                        | 27,327 |     | $                | 33,454 |

|                         | December 31, 2023     |        |     |                          |        |     |                  |        |
|:------------------------|:----------------------|-------:|:----|:-------------------------|-------:|:----|:-----------------|-------:|
|                         | Gross Carrying Amount |        |     | Accumulated Amortization |        |     | Intangibles, net |        |
| Patent rights           | $                     | 32,630 |     | $                        | 15,591 |     | $                | 17,039 |
| Acquired