Company: SCLXW
Filing Date: 2025-12-16
Form Type: S-1
Source: 0001193125-25-319720
Chunk: 201

Company: Scilex Holding Co
Filing Date: 2025-12-16
Form: S-1
Chunk 201
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 a September 2025 Warrant Holder will thereafter have the right to receive upon an exercise such shares, securities, cash, assets or any other property whatsoever which the holder would have been entitled to receive upon the happening of the applicable corporate event had the September 2025 Warrant been exercised immediately prior to the applicable corporate event.

When there is a transaction involving specified changes of control, holders of September 2025 Warrants will have the right to force us to repurchase such holder’s September 2025 Warrant for a purchase price in cash equal to the Black Scholes value, as calculated under the terms of the September 2025 Warrants, of the then unexercised portion of the September 2025 Warrant.

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#### DESCRIPTION OF THE NOVEMBER 2025 WARRANTS
The following summary of certain terms and provisions of the November 2025 Warrants is not complete and is subject to, and qualified in its entirety by, the provisions of the November 2025 Warrants. The forms of November 2025 Warrant are filed as exhibits to the registration statement of which this prospectus forms a part.

#### Shares Issuable on Exercise
We are registering the offer and sale from time to time of the November 2025 Warrant Shares, comprised of (i) 1,356,594 shares of Common Stock underlying the November 2025 Investor Warrant and (ii) 72,352 shares of Common Stock underlying the November 2025 Placement Agent Warrants, each covered by this prospectus and which shares are issuable upon exercise in full of the respective November 2025 Warrants.

#### Exercise Price
The November 2025 Investor Warrant is exercisable at an exercise price equal to $29.00 per share of Common Stock.

The exercise price is subject to adjustment for any stock split, stock dividend, stock combination, recapitalization or similar event. The exercise price is also subject to full-ratchet adjustment in connection with a subsequent offering at a per share price less than the exercise price then in effect.

In the event of stock dividends and splits, the number of shares of Common Stock issuable upon the exercise of the November 2025 Investor Warrant will also be adjusted so that the aggregate exercise price shall be the same immediately before and immediately after any such adjustment.

#### Cashless Exercise
If at the time of exercise of the November 2025 Investor Warrant, there is no effective registration statement available for the resale of