Company: SCLXW
Filing Date: 2025-12-29
Form Type: 424B3
Source: 0001193125-25-335429
Chunk: 26

Company: Scilex Holding Co
Filing Date: 2025-12-29
Form: 424B3
Chunk 26
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9) of the Securities Act, effected a voluntary securities exchange whereby the Tranche B Investors exchanged their                 
 respective October 2024 Noteholder Warrants, which were exercisable for an aggregate of 107,142 shares of Common Stock at an exercise price of $36.40 per share, for the Exchange Warrants, exercisable for an aggregate of 500,000 shares of Common 
 Stock at an exercise price of $40.00 per share.                                                                                                                                                                                                      |

| Shares of Common Stock offered by us | Up to 500,000 shares of our Common Stock issuable upon exercise of the Exchange Warrants. |

| Shares of Common Stock outstanding before this Offering(1) | 8,491,267 shares of Common Stock. |

| Shares of Common 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).                                                                                                                                                                                                 |

17

| 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