Company: SCLXW
Filing Date: 2025-08-04
Form Type: S-1
Source: 0001193125-25-172703
Chunk: 424

Company: Scilex Holding Co
Filing Date: 2025-08-04
Form: S-1
Chunk 424
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 has agreed to indemnify us against liabilities under the Securities Act that may arise from certain written information furnished to us by Tumim specifically for use in this prospectus or, if such indemnity is unavailable, to contribute amounts required to be paid in respect of such liabilities. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers, and controlling persons, we have been advised that in the opinion of the SEC this indemnification is against public policy as expressed in the Securities Act and is therefore, unenforceable.

As disclosed elsewhere in this prospectus, although all shares of common stock being offered in this offering are being offered directly by the selling stockholder, we are obligated to pay certain fees to StockBlock in connection with the Tumim Equity Financing pursuant to certain contractual obligations between us and StockBlock. Accordingly, pursuant to such contractual obligations, we will pay StockBlock a fee in cash equal to (a) 2.0% on the aggregate gross proceeds up to and including $10,000,000; (b) 3.0% on the aggregate gross proceeds in excess of the first $10,000,000 referred to in the preceding (a) and equal to or less than $25,000,000; and (c) 5.0% on the aggregate gross proceeds in excess of the first $35,000,000 referred to in the preceding (a) and (b), from the Tumim Equity Financing.

We estimate that the total expenses for the offering will be approximately $500,000.

Tumim has represented to us that at no time prior to the date of the Tumim Purchase Agreement has Tumim or its agents, representatives or affiliates engaged in or effected, in any manner whatsoever, directly or indirectly, any short sale (as such term is defined in Rule 200 of Regulation SHO of the Exchange Act) of our Common Stock or any hedging transaction, which establishes a net short position with respect to our Common Stock. Tumim has agreed that during the term of the Tumim Purchase Agreement, neither Tumim, nor any of its agents, representatives or affiliates will enter into or effect, directly or indirectly, any of the foregoing transactions.

We have advised the Selling Stockholder that it is required to comply with Regulation M promulgated under the Exchange Act. With certain exceptions, Regulation M precludes the Selling Stockholder, any affiliated purchasers, and any broker-dealer or other person who participates