Company: SCLXW
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001193125-25-115095
Chunk: 37

Company: Scilex Holding Co
Filing Date: 2025-05-07
Form: POS AM
Chunk 37
---
 outstanding assuming exercise of all SPAC Warrants | 7,150,481 shares (based on total shares of Common Stock outstanding as of March 31, 2025). |

| Exercise price of SPAC Warrants | $402.50 per whole share, subject to adjustment as described herein. |

| Use of Proceeds | We will receive up to an aggregate of approximately $80.0 million from the exercise of the SPAC Warrants, consisting of up to 1,402,955 Private Warrants and up to 5,555,354 Public Warrants, assuming the exercise in full of all of the SPAC Warrants for cash. Each SPAC Warrant entitles the holder thereof to purchase 1/35th of a share of Common Stock at a price of $402.50 per whole share (provided that in no event shall the holder of any such warrants be entitled, upon the exercise of such warrants, to receive a fractional interest in a share of Common Stock upon such exercise and the Company shall, upon such exercise, round up to the nearest whole number of shares of Common Stock to be issued to such holder). On May 5, 2025, the closing price for our Common Stock was $5.43 per share. If the price of our Common Stock remains below $402.50 per whole share, we believe warrantholders will be unlikely to cash exercise their SPAC Warrants, resulting in little or no cash proceeds to us. We currently intend to use the proceeds (if any) from the exercise of the SPAC Warrants for cash for working capital and general corporate purposes, which may include capital expenditures, commercialization expenditures, research and development expenditures, regulatory affairs expenditures, clinical trial expenditures, acquisitions of new technologies and investments, business combinations and the repayment, refinancing, redemption or repurchase of indebtedness or capital stock. See “Use of Proceeds” elsewhere in this prospectus. |

Resale of Common Stock and Warrants

| Shares of Common Stock offered by the Selling Securityholders | Up to 1,594,207 shares of our Common Stock, consisting of: |

| • |     | 41,082 Sponsor Shares; |

| • |     | 1,513,040 Merger Shares, of which 1,458,263 are held by SCLX JV; and |

| • |     | 40,085 Private Warrant Shares. |

20

| Warrants offered by the Selling Warrantholder(2)