Company: SCLXW
Filing Date: 2025-07-23
Form Type: 424B3
Source: 0001193125-25-163077
Chunk: 16

Company: Scilex Holding Co
Filing Date: 2025-07-23
Form: 424B3
Chunk 16
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its Transfer Agent to electronically issue to the Investor or its designee(s) the Commitment Shares as DWAC Shares, such that the Commitment Shares are credited to the Investor’s or its designee’s specified DWAC account with DTC under its
Fast Automated Securities Transfer (FAST)

-2-

Program not later than 4:00 p.m. New York City time on the Trading Day immediately following the Effective Date, all of which Commitment Shares shall be registered for resale under the Securities
Act pursuant to the Initial Registration Statement and the Investor shall be permitted to utilize the Prospectus therein to resell the Securities, including but not limited to the Commitment Shares, included in such Prospectus, and all of which
shall be freely tradable and transferable and without restriction on resale, without restrictive legend, and without any stop transfer instructions maintained against the transfer thereof. For the avoidance of doubt, the Company shall become
obligated to issue all of the Commitment Shares pursuant to the terms of this Agreement upon the consummation of the Closing and effective as of the Closing Date, regardless of whether any VWAP Purchases are made or settled hereunder or any
subsequent termination of this Agreement. For the avoidance of doubt, notwithstanding that the Commitment Shares shall be issued on the Effective Date, all Commitment Shares shall be fully earned by the Investor upon the consummation of the Closing
and effective as of the Closing Date, regardless of whether any VWAP Purchases are made or settled hereunder or any subsequent termination of this Agreement. The Company shall pay all U.S. federal, state and local stamp and other similar transfer
and other taxes and duties levied in connection with issuance of the Securities pursuant hereto.

ARTICLE III

PURCHASE TERMS

Subject to the satisfaction or (to the extent permitted by applicable law) waiver of the conditions set forth in
Article VII, the Parties agree as follows:

Section3.1 . Upon the
initial satisfaction of all of the conditions set forth in (such event, the “Commencement” and the date of initial satisfaction of all of such conditions, the “Commencement Date”) and from time to time thereafter, subject to the satisfaction of all of the conditions set forth in and in this , the Company shall have the right, but not
the obligation, to direct the Investor, by its delivery to the Investor of a VWAP Purchase Notice on a VWAP Purchase Exercise Date to purchase the applicable VWAP Purchase Share Amount, not to exceed