Company: SCLXW
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001193125-25-115088
Chunk: 509

Company: Scilex Holding Co
Filing Date: 2025-05-07
Form: POS AM
Chunk 509
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arrant Amendment, the investor agreed to exercise outstanding February 2024 BDO Firm Warrants to purchase an aggregate of 1,764,706shares of Common Stock in cash at an amended exercise price of $ 0.59per share. During the year ended December 31, 2024, there were 2,078,906February 2024 BDO Firm Warrants exercised for total net proceeds of approximately $ 1.6million, including the amended February 2024 BDO Firm Warrants. As of December 31, 2024, there were 3,803,447February 2024 BDO Firm Warrants and 470,588February 2024 BDO Representative Warrants outstanding. April 2024 Registered Direct Offering On April 23, 2024, the Company entered into a securities purchase agreement (the “April 2024 RDO Purchase Agreement”) with the investor named therein, pursuant to which the Company agreed to sell and issue, in a registered direct offering (the “April 2024 RDO”): (i) an aggregate of 15,000,000shares of Common Stock (the “RDO Shares”), and (ii) common warrants to purchase up to 15,000,000shares of Common Stock (the “April 2024 RDO Common Warrants”). The offering price per RDO Share and accompanying April 2024 RDO Common Warrant to purchase one share of Common Stock was $ 1.00, for aggregate gross proceeds to the Company of $ 15,000,000, before deducting the placement agent fees and other offering expenses. Subject to certain ownership limitations, the April 2024 RDO Common Warrants are exercisable on the six-monthanniversary from the date of issuance, will expire on the five-year anniversary of the date of issuance and have an exercise price of $ 1.10per share. The exercise price of the April 2024 RDO Common Warrants is subject to certain adjustments, including stock dividends, stock splits, combinations and reclassifications of the Common Stock. StockBlock and its affiliate, Rodman & Renshaw LLC, acted as exclusive placement agents (the “Placement Agents”) in connection with the April 2024 RDO. As compensation for such placement agent services, the Company paid the Placement Agents an aggregate cash fee equal to 8.0% of the gross proceeds actually received by the Company from the April 2024 RDO. The Company also reimbursed