Company: SCLXW
Filing Date: 2025-12-29
Form Type: 424B3
Source: 0001193125-25-335429
Chunk: 596

Company: Scilex Holding Co
Filing Date: 2025-12-29
Form: 424B3
Chunk 596
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 filed with the SEC and declared effective.

On October 30, 2025 the Company and Tumim entered into a termination agreement (the
“Termination Agreement”), pursuant to which each of the Tumim Purchase Agreement and the Tumim Registration Rights Agreement (together, the “Original Agreements”) shall terminate upon payment in full of an aggregate of
$2.7 million by the Company to Tumim in lieu of the issuance of the Commitment Shares with $500,000 to be paid on or before each of October 31, 2025 and November 14, 2025 and the remaining $1.7 million to be paid on or before
December 15, 2025. The Company made the first two payments on October 31, 2025 and November 13, 2025, respectively.

5. Balance Sheet Components

Equity Investments

Datavault Securities Purchase Agreement

On
September 25, 2025, the Company entered into a Securities Purchase Agreement (the “Datavault SPA”) with Datavault AI Inc., a Delaware corporation (“Datavault”), pursuant to which Datavault agreed to issue and sell, and
the Company agreed to purchase, 15.0 million shares (the “Datavault Shares”) of common stock of Datavault

F-80

(“Datavault Common Stock”) and a pre-fundedwarrant (the “Datavault Pre-FundedWarrant”) to purchase 263,914,094 shares of Datavault Common Stock for an aggregate purchase price of $150 million. On September 26, 2025 (the “Initial Datavault Closing Date”), the Company acquired 15,000,000 shares of Datavault Common Stock at a purchase price of $0.5378 per share, for an aggregate consideration of approximately $8.1 million, which was settled in Bitcoin. The investment in Datavault is accounted for as an equity security investment measured at fair value, with changes in the fair value recognized in unrealized gains and losses on equity investment in the period in which they occur. Fair value was determined based on quoted prices in active markets for identical securities, and the investment qualifies as an equity security with a readily determinable fair value, classified as a Level 1 financial instrument. Datavault is required to file a preliminary proxy statement with the SEC within 25 days of the Initial Datavault Closing Date and use reasonable best efforts to obtain stockholder