Company: SCLXW
Filing Date: 2025-01-17
Form Type: 424B3
Source: 0000950170-25-006774
Chunk: 32

Company: Scilex Holding Co
Filing Date: 2025-01-17
Form: 424B3
Chunk 32
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 technology     |                       | 21,940 |     |                          |  7,679 |     |                  | 14,261 |
| Acquired licenses       |                       |  5,711 |     |                          |    551 |     |                  |  5,160 |
| Assembled workforce     |                       |    500 |     |                          |    475 |     |                  |     25 |
| Total intangible assets | $                     | 60,781 |     | $                        | 24,296 |     | $                | 36,485 |

As of September 30, 2024, the weighted average remaining life for identifiable intangible assets was 8.7 years. Aggregate amortization expense was $1.0 million and $3.0 million for the three and nine months ended September 30, 2024. Aggregate amortization expense was $1.0 million and $3.1 million for the three and nine months ended September 30, 2023, respectively.

Estimated future amortization expense related to intangible assets as of September 30, 2024 is as follows (in thousands):

|                          | Amount |        |
|:-------------------------|:-------|-------:|
| 2024 (remainder of 2024) | $      |  1,000 |
| 2025                     |        |  4,006 |
| 2026                     |        |  4,006 |
| 2027                     |        |  4,006 |
| 2028                     |        |  4,006 |
| Thereafter               |        | 16,430 |
| Total                    | $      | 33,454 |

<div align='center'>17</div>

7. Debt

Convertible Debentures

On March 21, 2023, the Company entered into the Yorkville SPA pursuant to which the Company would issue and sell to Yorkville Convertible Debentures in an aggregate principal amount of up to $25.0 million. The Yorkville SPA provided that the Convertible Debentures would be issued and sold at a purchase price equal to 96% of the applicable principal amount in three tranches as follows: (i) $10.0 million upon the signing of the Yorkville SPA, which was funded on March 21, 2023, (ii) $7.5 million upon the filing of a registration statement on Form S-1