Company: SCLXW
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001193125-25-115095
Chunk: 523

Company: Scilex Holding Co
Filing Date: 2025-05-07
Form: POS AM
Chunk 523
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. Subject to certain ownership limitations, the Common Warrants are immediately exercisable, set to expire five years later, with an exercise price of $ 1.70per share, subject to adjustments. Additionally, the Company issued the representative warrants (the “February 2024 BDO Representative Warrants”) to the underwriters, allowing them to purchase up to 470,588shares of Common Stock, with these warrants being immediately exercisable at $ 2.125per share, representing 125% of the combined public offering price per Firm Share and accompanying February 2024 BDO Firm Warrant.

The Company accounted for the February 2024 BDO Firm Warrants as a liability classified instrument (see Note 4) and the February 2024 BDO Representative Warrants as an equity classified instrument. The February 2024 BDO Representative Warrants are recognized in additional paid-incapital in the Company’s consolidated balance sheet. The issuance costs allocated to the equity component are recorded as the reduction of the offering proceeds and the amounts allocated to the liability component are expensed as incurred within the selling, general and administrative expenses in the Company’s consolidated statement of operations. The fair value of February 2024 BDO Representative Warrants as of the date of issuance was $ 0.3million. On December 11, 2024, the Company entered into a warrant amendment (the “Warrant Amendment”) with one of its investors to exercise the outstanding number of the February 2024 BDO Firm Warrants that the Company issued to such investor in the February 2024 BDO. Pursuant to the Warrant Amendment, the investor agreed to exercise outstanding February 2024 BDO Firm Warrants to purchase an aggregate of 1,764,706shares of Common Stock in cash at an amended exercise price of $ 0.59per share. During the year ended December 31, 2024, there were 2,078,906February 2024 BDO Firm Warrants exercised for total net proceeds of approximately $ 1.6million, including the amended February 2024 BDO Firm Warrants. As of December 31, 2024, there were 3,803,447February 2024 BDO Firm Warrants and 470,588February 2024 BDO Representative Warrants outstanding. April 2024 Registered Direct Offering On April 23, 2024, the Company entered into a securities purchase agreement (the “April 2024 RDO Purchase Agreement