Company: SCLXW
Filing Date: 2025-08-04
Form Type: S-1
Source: 0001193125-25-172703
Chunk: 33

Company: Scilex Holding Co
Filing Date: 2025-08-04
Form: S-1
Chunk 33
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 in Tumim and its affiliates having beneficial ownership, at any single point in time, of more than 4.99% of our outstanding Common Stock (the “Beneficial Ownership Limitation”).

The net proceeds from sales, if any, under the Tumim Purchase Agreement will depend on the frequency and prices at which we sell shares of our Common Stock to Tumim. To the extent we sell shares under the Tumim Purchase Agreement, we currently plan to use any proceeds therefrom for working capital and general corporate purposes, which may include capital expenditures, 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.

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As consideration for Tumim’s commitment to purchase shares of Common Stock at our direction upon the terms and subject to the conditions set forth in the Tumim Purchase Agreement, we will issue 150,000 Commitment Shares to Tumim at the time the registration statement of which this prospectus forms a part be declared effective by the SEC. The Tumim Purchase Agreement contains customary representations, warranties, conditions and indemnification obligations of the parties. The representations, warranties and covenants contained in such agreements were made only for purposes of such agreements and as of specific dates, were solely for the benefit of the parties to such agreements and may be subject to limitations agreed upon by the contracting parties. Purchase of Shares Under the Tumim Purchase Agreement From and after the Commencement Date, we will have the right, but not the obligation, from time to time at our sole discretion until the first day of the month immediately following the 24-month anniversary of the date on which this registration statement has been declared effective by the SEC, to direct Tumim to purchase amounts of our Common Stock under the Tumim Purchase Agreement, that we specify in irrevocable written notices to Tumim (each such notice, a “VWAP Purchase Notice” and the number of shares specified in such notice, the “VWAP Purchase Share Amount” and each such purchase, a “VWAP Purchase”) that we deliver to Tumim under the Tumim Purchase Agreement on any trading day. The VWAP Purchase Share Amount set forth in any VWAP Purchase Notice may not exceed that number of shares of Common Stock that is equal to the lowest of (such number, the “VWAP Purchase Maximum