Company: SCLXW
Filing Date: 2025-02-27
Form Type: DEF 14A
Source: 0001193125-25-039223
Chunk: 22

Company: Scilex Holding Co
Filing Date: 2025-02-27
Form: DEF 14A
Chunk 22
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 Common Stock, issued to StockBlock Securities LLC and Rodman & Renshaw LLC pursuant to the Securities Purchase Agreement, dated December 11, 2024, by and among the Company and the investors named therein, with 
 an exercise price of $0.7375 per share (the “December 2024 RDO Placement Agent Warrants”).                                                                                                                                                  |

13

If the Reverse Stock Split is effected, proportionate adjustments will generally be required
to be made to the per share exercise price and the number of shares issuable upon the exercise of these warrants into shares of Common Stock (with the exception of the Oramed Warrants and the Deposit Warrants, to which no such adjustments shall be
made), in each case in accordance with the terms of each such warrant. Such adjustments will result in approximately the same aggregate exercise price being required to be paid upon exercise of such warrants and approximately the same value of
shares of Common Stock being delivered upon such exercise immediately following the Reverse Stock Split as is the case immediately preceding the Reverse Stock Split. The number of shares of Common Stock reserved for issuance pursuant to these
warrants will be proportionately adjusted based on the final reverse stock split ratio, subject to the treatment of any fractional shares as determined in accordance with the terms of the applicable warrant.

Effects of the Reverse Stock Split on Outstanding Convertible Notes.As of the Record Date, the Company has
outstanding senior secured convertible notes (the “Tranche B Notes”) in the aggregate principal amount of $36,994,298, which notes will mature on the two-year anniversary of the issuance date and
will be convertible into 35,571,440 shares of Common Stock at a conversion price equal to $1.04 per share of Common Stock.

If the Reverse
Stock Split is effected, the conversion price of the Tranche B Notes in effect immediately prior to such split will be proportionately increased. This will result in approximately the same aggregate price being required to be paid upon conversion of
such notes and approximately the same value of shares of Common Stock being delivered upon such conversion immediately following the Reverse Stock Split as is the case immediately preceding the Reverse Stock Split. The number of shares of Common
Stock reserved for issuance pursuant to these notes will be proportionately adjusted based on the final reverse stock split ratio, subject to the treatment of any fractional shares as described therein.

Effects of the Reverse Stock Split on Outstanding Equity Awards and Plans.If the Reverse Stock Split is effected,
the terms of equity awards granted under the Scilex