Company: SCLXW
Filing Date: 2025-12-16
Form Type: S-1
Source: 0001193125-25-319720
Chunk: 198

Company: Scilex Holding Co
Filing Date: 2025-12-16
Form: S-1
Chunk 198
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 lowered to less than Exchange Warrant Exercise Price Floor, unless stockholder approval is obtained to allow the Exchange Warrants to be exercised at a price that is lower than the Exchange Warrant Exercise Price Floor in accordance with Nasdaq Listing Rules. The Company is under no obligation to seek or obtain such stockholder approval. The Exchange Warrants also provide for a voluntary adjustment to the exercise price, subject to certain conditions set forth therein, including compliance with Nasdaq rules and having obtained the prior written consent of the Required Holders.

In the event of stock dividends and splits, the number of shares of Common Stock issuable upon the exercise of the Exchange Warrants 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 Exchange Warrants, there is no effective registration statement registering the shares of our Common Stock underlying the Exchange Warrants, such warrants may be exercised on a cashless basis pursuant to their terms.

#### Limitations on Exercise
A holder shall not have the right to exercise any portion of an Exchange Warrant to the extent that, after giving effect to such conversion, the holder (together with certain of its related parties) would beneficially own in excess of the Exchange Warrant Maximum Percentage of 4.99% of shares of our Common Stock outstanding immediately after giving effect to such exercise. The Exchange Warrant Maximum Percentage may be raised or lowered to any other percentage not in excess of 9.99%, at the option of the holder, except that any increase will only be effective upon 61 days’ prior notice to us.

#### Exercise Period
The Exchange Warrants were immediately exercisable upon issuance, and will be exercisable until the Exchange Warrant expiration date of October 8, 2029.

#### Purchase and Distribution Rights
If we (i) issue or sell options, convertible securities or rights to purchase stock, warrants, securities or other property (collectively, “Purchase Rights”) pro rata to the record holders of our common stock or (ii) declare or

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make any dividend or other distribution of or assets (or rights to acquire our assets) to holders of our Common Stock, by way of return of capital or otherwise (“Distribution”), then, in each case, a holder of Exchange Warrants will, upon each exercise of an Exchange Warrant, be entitled to participate in such issuance or sale of Purchase Rights or Distribution, as applicable, to