Company: SCLXW
Filing Date: 2025-02-27
Form Type: DEF 14A
Source: 0001193125-25-039223
Chunk: 19

Company: Scilex Holding Co
Filing Date: 2025-02-27
Form: DEF 14A
Chunk 19
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 in the Company, except to the extent that the Reverse Stock Split would result in an adjustment to a stockholder’s ownership of the Common Stock due to the treatment of fractional shares in the Reverse Stock Split. Therefore, voting rights and other rights and preferences of the holders of the Common Stock will not be affected by the Reverse Stock Split (other than as a result of the treatment of fractional shares). The Common Stock issued pursuant to the Reverse Stock Split will remain fully paid and nonassessable, and the par value per share of the Common Stock will remain $0.0001. As of the Record Date, approximately 243,312,885 shares of Common Stock were outstanding. For purposes of illustration, if the Reverse Stock Split is effected at a ratio of 1-for-14,the number of issued shares of the Common Stock after the Reverse Stock Split would be approximately 17,379,492 shares (other than as a result of the treatment of fractional shares), and if the Reverse Stock Split is effected at a ratio of 1-for-50,the number of issued shares of the Common Stock after the Reverse Stock Split would be approximately 4,866,258 shares (other than as a result of the treatment of fractional shares). Effects of the Reverse Stock Split on Issued and Outstanding Shares of Series A Preferred Stock.As of the Record Date, 29,057,097 shares of Series A Preferred Stock were outstanding. If the Reverse Stock Split is effected, it will not affect the total number of issued and outstanding shares of the Series A Preferred Stock or the voting rights and other rights and preferences of the holders thereof. However, the deemed conversion price of the Series A Preferred Stock (which is not convertible into the Common Stock or any other equity of the Company but for which certain rights, preferences and privileges are determined based on an as converted to Common Stock basis or otherwise assume that the shares of the Series A Preferred Stock are converted into shares of the Common Stock) will be divided by a fraction of which the numerator shall be the number of shares of the Common Stock outstanding immediately after the Reverse Stock Split and of which the denominator shall be the number of shares of the Common Stock outstanding immediately prior to the Reverse Stock Split. Effects of the Reverse Stock Split on Outstanding Public Warrants.As of the Record Date, the Company has outstanding public warrants to purchase 6,958,309 shares of Common Stock (the “Public Warrants”), all of which entitle a holder of each such warrant to purchase one share of the Common Stock at an exercise price