Company: SCLXW
Filing Date: 2025-12-29
Form Type: 424B3
Source: 0001193125-25-335429
Chunk: 184

Company: Scilex Holding Co
Filing Date: 2025-12-29
Form: 424B3
Chunk 184
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 RDO Common Warrants, and (ii) 1,425 shares of Common Stock issued under the ESPP. After giving effect to (i) the pro forma adjustments set forth above and (ii) the sale of shares of Common Stock at an Exchange Warrant exercise price of $40.00 per share, net of offering costs, our pro forma as adjusted net tangible book value (deficit) as of September 30, 2025 would have been approximately $(139,855,000), or approximately $(14.13) per share. This amount represents an immediate increase in pro forma net tangible book value of approximately $4.64 per share to our existing stockholders and an immediate dilution in net tangible book value of approximately $54.13 per share to new investors purchasing shares of Common Stock in this offering pursuant to the exercise of Exchange Warrants. Dilution per share to new investors is determined by subtracting pro forma as adjusted net tangible book value (deficit) per share after this offering from the offering price per share paid by new investors. The following table illustrates this dilution:

| Assumed public offering price per share                                                
 Net tangible book value (deficit) per share as of September 30, 2025                   
 Pro forma net tangible book value (deficit) per share as of September 30, 2025         |     |   | (23.69 
 (18.77 | ) 
 ) |     |     | 40.00 |     |   |       |
|:---------------------------------------------------------------------------------------|:----|:--|-------:|:--|:----|:----|:------|:----|:--|------:|
| Increase in pro forma net tangible book value (deficit) per share attributable to this 
 offering                                                                               |     | $ |   4.64 |   |     |     |       |     |   |       |
| Pro forma as adjusted net tangible book value (deficit) per share after this offering  |     | $ | (14.13 | ) |     |     |       |     |   |       |
| Dilution per share to new investors participating in this offering                     |     |   |        |   |     |     |       |     | $ | 54.13 |

The dilution information discussed above is illustrative only and may change. In addition, we may choose to raise additional capital due to market conditions or strategic considerations even if we believe we have sufficient funds for our current