Company: SCLXW
Filing Date: 2025-05-14
Form Type: 424B3
Source: 0001193125-25-119822
Chunk: 350

Company: Scilex Holding Co
Filing Date: 2025-05-14
Form: 424B3
Chunk 350
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 provided in the ESPP or determined
by our Board, it will operate and be administered in the same manner as the 423 Component.

Share Reserve

Initially, the maximum number of shares of our Common Stock that may be issued under the ESPP will not exceed 41,779 shares of our Common
Stock. On January 1, 2023, the maximum number of shares of our Common Stock that may be issued under the ESPP was increased to 82,164 based on the following provisions of the ESPP. The ESPP provides that the number of shares of our Common
Stock that will be reserved for issuance will automatically increase on January 1 of each year for a period of up to ten years, commencing on January 1, 2023 and ending on (and including) January 1, 2032, in an amount equal to the
lesser of (i) 1% of the total number of shares of our Common Stock outstanding on December 31 of the immediately preceding calendar year; (ii) 52,223 shares of our Common Stock; and (iii) such number of shares of our Common Stock
determined by our Board or the Compensation Committee of our Board prior to January 1 of a given year, provided however, that our Board may act prior to January 1 of a given calendar year to provide that there will be no increase for such
calendar year or the increase for such year will be a lesser number of shares than the amount set forth in clauses (i) to (iii) above.

For the avoidance of doubt, up to the maximum number of shares of our Common Stock reserved may be used to satisfy purchases of our Common
Stock under the 423 Component and any remaining portion of such maximum number of shares may be used to satisfy the purchases of our Common Stock under the Non-423 Component.

If any purchase right granted under the ESPP terminates without having been exercised in full, the shares of our Common Stock not purchased
under such purchase right will again become available for issuance under the ESPP.

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The Common Stock purchasable under the ESPP will be shares of authorized but unissued or
reacquired Common Stock, including shares repurchased by us on the open market.

Administration

Our Board administers the ESPP. Our Board may delegate some or all of the administration of the ESPP to a committee or committees of our Board.
All references to our Board in summary of the ESPP will include a duly authorized committee of our Board