Company: SCLXW
Filing Date: 2025-12-16
Form Type: S-1
Source: 0001193125-25-319720
Chunk: 640

Company: Scilex Holding Co
Filing Date: 2025-12-16
Form: S-1
Chunk 640
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 applicable).

In the computation of net loss per share, treasury shares are not included as part of the outstanding shares.

In accordance with FASB ASC 260, Earnings Per Share, Penny Warrants are warrants that would be exercised for no or little consideration and therefore should be included in the calculation of weighted average shares outstanding for purposes of calculating basic and diluted net income (loss) per share. The Closing Penny Warrants become exercisable upon the passage of time and are included in basic and diluted net income (loss) per share from the closing date of September 21, 2023. The Subsequent Penny Warrants to purchase up to an aggregate of 8,500,000 shares of Common Stock are not vested as of the closing date of September 21, 2023 and

<div align='center'>F- 105</div>

the vesting is based on the passage of time, the Company’s repayment of the Oramed Note or the occurrence of the Management Sale Trigger Date (as defined therein). Therefore, these Subsequent Penny Warrants are included in the computation for diluted net income per share once all other exercise contingencies are removed except for the passage of time.

The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:

|                                           |     | September 30,2025 |           |     | September 30,2024 |           |
| Stock options                             |     |                   | 1,000,626 |     |                   |   981,519 |
| Retainer Shares                           |     |                   |   399,999 |     |                   |   399,999 |
| Shares issuable under Tranche B Notes     |     |                   |   604,239 |     |                   |         — |
| Public Warrants                           |     |                   |   156,115 |     |                   |   156,220 |
| Private Warrants                          |     |                   |    28,572 |     |                   |    28,572 |
| Shares issuable under ESPP                |     |                   |     9,561 |     |                   |           |
| Shares issuable under the SIPA            |     |                   |     8,571 |     |                   |     8,571 |
| February 2024 BDO Firm Warrants           |     |                   |   108,686 |     |