Company: SCLXW
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001193125-25-115095
Chunk: 466

Company: Scilex Holding Co
Filing Date: 2025-05-07
Form: POS AM
Chunk 466
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 to express an opinion on these consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ BPM LLP

We have served as the Company’s auditor since 2024.

Walnut Creek, California

March 31, 2025

<div align='center'>F-2</div>

PART I—FINANCIAL INFORMATION Item 1. Financial Statements SCILEX HOLDING COMPANY CONSOLIDATED BALANCE SHEETS (In thousands, except for par value and share amounts)

| ASSETS                                                                                                                                                                                                                          
 Current assets:                                                                                                                                                                                                                 |     | December 31,2024 |          |   |     | December 31,2023 |          |   |
|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:-----------------|---------:|:--|:----|:-----------------|---------:|:--|
| Cash and cash equivalents                                                                                                                                                                                                       |     | $                |    3,272 |   |     | $                |    3,921 |   |
| Accounts receivable, net                                                                                                                                                                                                        |     |                  |   26,442 |   |     |                  |   34,597 |