Company: SCLXW
Filing Date: 2025-12-16
Form Type: S-1
Source: 0001193125-25-319720
Chunk: 609

Company: Scilex Holding Co
Filing Date: 2025-12-16
Form: S-1
Chunk 609
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 | (18,656 | ) |
| Change in fair value of Tranche B Notes                                                                                             |     |                   |  12,936 |   |
| Change in fair value of Tranche B Notes—due to instrument-specificcredit risk recorded as a component of other comprehensive income |     |                   |   2,970 |   |
| Ending Balance as of September 30, 2025                                                                                             |     | $                 |  20,810 |   |

**Aggregate principal repayments for the Company’s outstanding debt will be $ 4.3 million and $ 19.2 million in 2025 and 2026, respectively.

Promissory Notes

Pursuant to the Semnur Business Combination, Legacy Semnur assumed all liabilities of Denali, including its existing promissory notes and its liability for its deferred underwriting costs associated with the Semnur Business Combination. Simultaneously upon the closing of the Semnur Business Combination, the agreements for these existing liabilities were terminated and new promissory notes and discharge payment agreements were signed with the holders.

Immediately prior to the closing of the Semnur Business Combination, Denali, Sponsor and the Company entered a Satisfaction and Discharge of Indebtedness Agreement, pursuant to which the Sponsor received $ 1.1million in cash and a promissory note from Denali for $ 0.8million (the “Sponsor Note”). The Sponsor Note shall be payable in six monthly installments of $ 134.0thousand beginning on October 1, 2025and ending on March 1, 2026.

Immediately prior to the closing of the Semnur Business Combination, Denali and FutureTech Capital LLC (“FutureTech”) entered a Satisfaction and Discharge of Indebtedness Agreement, pursuant to which FutureTech received $ 340.0thousand in cash and a promissory note from Denali for $ 1.0million (the “FutureTech Note”). The FutureTech Note shall be payable in six monthly installments of $ 170.0thousand beginning on October 1, 2025and ending on March 1, 2026.

At closing of the Semnur Business Combination, Denali, the Denali underwriters and the Company entered Satisfaction and Discharge of Indebtedness Agreements, pursuant to which the Denali underwriters received $ 350.0thousand in cash and promissory notes from Denali for a