Company: SCLXW
Filing Date: 2025-12-29
Form Type: 424B3
Source: 0001193125-25-335429
Chunk: 182

Company: Scilex Holding Co
Filing Date: 2025-12-29
Form: 424B3
Chunk 182
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 2025 Warrants, and November 2025 Warrants for cash for
working capital and general corporate purposes, which may include capital expenditures, commercial, research and development expenditures, regulatory affairs expenditures, clinical trial expenditures, acquisitions of new technologies and
investments, business combinations and the repayment, refinancing, redemption or repurchase of indebtedness or capital stock, although we believe we can fund our operations with cash on hand. However, we have not designated any specific uses and
have no current agreement with respect to any acquisition or strategic transaction. As of the date of this prospectus, we cannot specify with certainty all of the particular uses, and the respective amounts we may allocate to those uses, for any
proceeds we receive from the exercise of the Exchange Warrants, September 2025 Warrants, and November 2025 Warrants. Accordingly, we will retain broad discretion over the use of these proceeds. Pending our use of the proceeds as described above, we
may invest such proceeds in interest-bearing instruments or use a significant portion of the net proceeds to purchase additional bitcoin, Ethereum, BNB, Doge, and/or other blockchain-linked cryptocurrencies in accordance with our treasury strategy.
Cryptocurrency is a highly volatile asset. Cryptocurrency does not pay interest, but if management determines to stake the cryptocurrency tokens in treasury, rewards can be earned on cryptocurrency. The ability to generate a return on investment
from the net proceeds will depend on whether there is appreciation in the value of Ethereum, bitcoin, BNB, Doge, and other blockchain-linked cryptocurrencies following our purchases of such cryptocurrency with the net proceeds from this offering by
the Company and whether the Company is successful in pursuing other strategies to create income streams or otherwise generate funds using its cryptocurrency holdings. Future fluctuations in Ethereum’s, bitcoin’s, BNB’s,
Doge’s, and other blockchain-linked cryptocurrencies’ trading prices may result in our converting cryptocurrency purchased with the net proceeds of this offering into cash with a value substantially below the net proceeds from such an
offering. There is no assurance that the holders of the foregoing warrants will elect to exercise any or all of such warrants. To the extent that any of the Exchange Warrants, September 2025 Warrants, or November 2025 Warrants are exercised on a
“cashless basis,” the amount of cash we would receive from the exercise of such warrants will decrease.

113

DETERMINATION OF OFFERING PRICE

The offering price of the shares of Common Stock underlying the Exchange Warrants offered hereby