Company: SWKH
Filing Date: 2025-04-29
Form Type: ANNLRPT
Source: 0001628280-25-020720
Chunk: 99

Company: SWK Holdings Corp
Filing Date: 2025-04-29
Form: ANNLRPT
Chunk 99
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 December 31, 2024 |   |     | December 31, 2023 |   |
|:----------------------------|:----|:------------------|:--|:----|:------------------|:--|
| Dividend rate range         |     |                   | — |     |                   | — |
| Risk-free rate range        |     | 4.2% to 4.5%      |   |     | 3.8% to 4.8%      |   |
| Expected life (years) range |     | 1.9 to 6.9        |   |     | 1.2 to 5.8        |   |
| Expected volatility range   |     | 56.0% to 177.7%   |   |     | 75.3% to 154.3%   |   |

The warrant assets are valued using a market approach and include significant unobservable inputs such as risk-free rate, expected life, and expected volatility. For the year ended December 31, 2024, the risk-free rate range weighted average was 4.4%, and had a median of 4.4%. For the year ended December 31, 2023, the risk-free rate range weighted average was 4.3%, and had a median of 3.8%. For the year ended December 31, 2024, the expected life range weighted average was 5.8 years, and had a median of 4.3 years. For the year ended December 31, 2023, the expected life range weighted average was 3.4 years, and had a median of 4.4 years. For the year ended December 31, 2024, the expected volatility range weighted average was 65.6%, and had a median of 104.3%. For the year ended December 31, 2023, the expected volatility range weighted average 124.6%, and median of 134.4%.

As of December 31, 2024, the Company had three royalty investments, Best, Ideal, and Flowonix, that were deemed to be impaired based on reductions in carrying value. As of December 31, 2024, the Company had one term loan, BIOLASE, that was deemed to be impaired based on reductions in carrying value. As of December 31, 2023 , the Company had one royalty, Best, that was