Company: SCLXW
Filing Date: 2025-08-04
Form Type: S-1
Source: 0001193125-25-172703
Chunk: 20

Company: Scilex Holding Co
Filing Date: 2025-08-04
Form: S-1
Chunk 20
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 6, 2021, between Vickers and Continental Stock Transfer & Trust Co. (“Continental”). See sections of this prospectus titled “Description of Our Securities” and “Certain Relationships and Related Party Transactions.”

Pending Merger of Semnur

As previously disclosed by us, on August 30, 2024, Semnur, our majority owned subsidiary, entered into an agreement and plan of merger (as amended by Amendment No. 1 to the Agreement and Plan of Merger, dated April 16, 2025 and Amendment No. 2 to the Agreement and Plan of Merger, dated July 22, 2025, the “Semnur Business Combination Agreement”) with Denali Capital Acquisition Corp., a Cayman Islands exempted company (“Denali”), and Denali Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of Denali (“Denali Merger Sub”).

The Semnur Business Combination Agreement provides that, among other things, (i) on the terms and subject to the conditions set forth therein, Denali Merger Sub will merge with and into Semnur, with Semnur surviving as a wholly owned subsidiary of Denali (the “Denali Merger”), and (ii) prior to the closing of the Denali Merger, Denali will migrate to and domesticate as a Delaware corporation in accordance with Section 388 of the DGCL, and de-register in the Cayman Islands in accordance with Section 206 of the Cayman Companies Act (the “Denali Domestication”). Upon the closing of the Denali Merger (the “Denali Merger Closing”), it is anticipated that Denali will change its name to “Semnur Pharmaceuticals, Inc.” (“New Semnur”). Shares of Denali common stock following the Denali Domestication are hereinafter referred to as “New Semnur Common Shares.” Shares of Denali Series A preferred stock following the Denali Domestication are hereinafter referred to as “New Semnur Preferred Shares.” Warrants to purchase New Semnur Common Shares following the Denali Domestication are hereinafter referred to as “New Semnur Warrants.” The date on which the Denali Merger Closing actually occurs is hereinafter referred to as the “Semnur Business Combination Closing Date.” The Denali Merger and the other transactions contemplated by the Semnur Business Combination Agreement are hereinafter referred to as the “Semnur Business Combination.”

In accordance with