Company: SCLXW
Filing Date: 2025-12-16
Form Type: S-1
Source: 0001193125-25-319720
Chunk: 29

Company: Scilex Holding Co
Filing Date: 2025-12-16
Form: S-1
Chunk 29
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 Stock outstanding assuming the exercise of all Exchange Warrants | 8,991,267 shares of Common Stock. |

| Exercise price of the Exchange Warrants | $40.00 per share. |

| The exercise price is subject to customary adjustments upon any stock split, stock dividend, stock combination, recapitalization or similar event. The exercise price is also subject to full-ratchet adjustment (down to the Exchange Warrant Exercise Price Floor (as defined below)) in connection with a subsequent offering at a per share price less than the exercise price then in effect. |

| Exercise Price Floor | The exercise price cannot be lower than $36.40 (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations and similar events, the “Exchange Warrant Exercise Price Floor”), unless shareholder approval is obtained to allow the Exchange Warrants to be exercised at a price that is lower than the Exchange Warrant Exercise Price Floor in accordance with Nasdaq Listing Rules. The Company is under no obligation to seek or obtain such shareholder approval. The Exchange Warrants also provide for a voluntary adjustment to the exercise price, subject to certain conditions set forth therein, including compliance with Nasdaq rules and having obtained the prior written consent of the Required Holders (as defined in the Tranche B Securities Purchase Agreement). |

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#### the issuance of Common Stock to the Tranche B Investor (such shares, the “Exchange Warrant Shares” and such date, the “Cashless Exercise Eligibility Date”), subject to certain limitations, if at the time of exercise thereof a registration statement is not effective (or the prospectus contained therein is not available for use) for the issuance to the Tranche B Investors of all of the Exchange Warrant Shares to be issued pursuant to such applicable exercise notice, then the Tranche B Investors may, in their sole discretion, exercise the Exchange Warrant in whole or in part and, in lieu of making the cash payment otherwise contemplated to be made to us upon such exercise in payment of the aggregate exercise price, elect instead to receive upon such exercise the “Net Number” of Exchange Warrant Shares determined in accordance with the formula set forth therein (and described elsewhere in this prospectus).Limitations on ExerciseA holder shall not have the right to exercise any portion of an Exchange Warrant to the extent that, after giving effect to such conversion, the holder (together with certain of its related parties) would beneficially own in excess of 4.99%, or the “Exchange Warrant Maximum Percentage”, of shares of