Company: SCLXW
Filing Date: 2025-04-29
Form Type: 10-K/A
Source: 0000950170-25-060302
Chunk: 62

Company: Scilex Holding Co
Filing Date: 2025-04-29
Form: 10-K/A
Chunk 62
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 inconsistent with, our best interests and those of our stockholders, as our Audit Committee, or other independent body of our Board, determines in the good faith exercise of our discretion. Director Independence Under the Nasdaq Listing Rules, a majority of the members of our Board must satisfy Nasdaq’s criteria for “independence.” Our Board has determined that each of the directors on our Board (including Mr. Lemus who resigned from our Board effective November 27, 2024), other than Dr. Ji and Mr. Shah (as a result of their positions as our Executive Chairperson and our Chief Executive Officer, respectively), qualifies as an independent director, as defined by Rule 5605(a)(2) of the Nasdaq Listing Rules, and our Board consists of a majority of “independent directors” as defined under the rules of the SEC and Nasdaq relating to director independence requirements. Item 14. Principal Accounting Fees and Services. Fees Paid to the Independent Registered Public Accounting Firm The following table presents fees for professional audit services and other services rendered by Ernst & Young LLP and BPM LLP to our Company for our fiscal years ended December 31, 2024 and December 31, 2023 (in thousands).

|                    |                      2024 |                      2023 |
| Audit Fees         | $           4,677,619 (1) | $           2,427,996 (2) |
| Audit-Related Fees |                         — |                         — |
| Tax Fees           |                         — |                         — |
| All Other Fees     |                         — |                         — |
| Total              | $               4,677,619 | $               2,427,996 |

| (1) | Audit fees consist of fees for services rendered in connection with the annual audit and quarterly reviews of our consolidated financial statements. Audit fees also consist of services provided in connection with the issuance of auditors’ consents that were included in our registration statements filed in connection with certain of our securities offerings, consultation on accounting matters, services related to SEC filings and BPM’s re-audit of our consolidated financial statements for the fiscal year ended December 31, 2023. |
| (2) | Audit fees consist of fees for services rendered by Ernst & Young in connection with the annual audit and quarterly reviews of our consolidated financial statements. Audit fees also consist of services provided in connection with issuance of Ernst & Young’s consents that were included in our registration statements filed in connection with and following the closing of the Business Combination