Company: SCLXW
Filing Date: 2025-08-04
Form Type: S-1
Source: 0001193125-25-172703
Chunk: 35

Company: Scilex Holding Co
Filing Date: 2025-08-04
Form: S-1
Chunk 35
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AP Purchase Notices (as applicable) previously delivered by us to Tumim have in fact been received by Tumim as DWAC Shares prior to our delivery of such VWAP Purchase Notice to Tumim. 21

The purchase price of the shares of Common Stock that we may direct Tumim to purchase pursuant to a Purchase under the Tumim Purchase Agreement will be equal to 97% of the lowest daily dollar volume-weighted average price for the Common Stock during the Three-Day VWAP Purchase Valuation Period (as defined in the Tumim Purchase Agreement), or 96% of the lowest daily dollar volume-weighted average price for the Common Stock during the One-Day VWAP Purchase Valuation Period (as defined in the Tumim Purchase Agreement). The payment for, against simultaneous delivery of, shares in respect of each purchase and sale under the Tumim Purchase Agreement will be settled on the applicable purchase settlement date immediately following the applicable VWAP Purchase Valuation Period for such VWAP Purchase, as set forth in the Tumim Purchase Agreement. Conditions to Commencement and Delivery of VWAP Purchase Notices Our ability to deliver VWAP Purchase Notices to Tumim under the Tumim Purchase Agreement is subject to the satisfaction, both at the time of Commencement and at the time of delivery by us of any VWAP Purchase Notice to Tumim, of certain conditions, all of which are entirely outside of Tumim’s control, including, among other things, the following:

| • |     | the accuracy in all material respects of certain of our representations and warranties included in the Tumim Purchase Agreement; |

| • |     | us having performed, satisfied and complied in all material respects with all covenants, agreements and conditions required by the Tumim Purchase Agreement and the Tumim Registration Rights Agreement to be performed, satisfied or complied with by us; |

| • |     | the effectiveness of the Registration Statement that includes this prospectus; |

| • |     | the SEC shall not have issued any stop order suspending the effectiveness, prohibiting or suspending the use of the Registration Statement that includes this prospectus; |

| • |     | there shall not have occurred any event and there shall not exist any condition or state of facts, which makes any statement of a material fact made in the Registration Statement that includes this prospectus untrue or which requires the making of any additions to or changes to the statements contained therein in order to state a material fact required by the Securities Act