Company: SCLXW
Filing Date: 2025-05-14
Form Type: 424B3
Source: 0001193125-25-119846
Chunk: 175

Company: Scilex Holding Co
Filing Date: 2025-05-14
Form: 424B3
Chunk 175
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 an exercise price of $402.50 per whole
share, and any other warrants that by their terms have not vested and are therefore not entitled to participate in the Dividend) (such warrants, the “Participating Warrants” and such record holders, the “Record Warrant Holders”),
(iii) the Tranche B Notes issued by us in October 2024 (such notes, the “Participating Notes” and such record holders, the “Record Note Holders”), and (iv) our Series A Preferred Stock, par value $0.0001 per share (such
record holder, the “Record Preferred Holder” and together with the Record Common Holders, the Record Warrant Holders, and the Record Note Holders, the “Record Holders”). Subject to the Board’s right to change the Record Date
and conditioned upon the effectiveness of the filing of our Certificate of Designation of Preferences, Rights and Limitations of Series 1 Mandatory Exchangeable Preferred Stock designating shares of our Series 1 Mandatory Exchangeable Preferred
Stock (the “Series 1 Certificate of Designation”) with the Secretary of State of the State of Delaware, the Dividend (unless otherwise determined by the Board) shall be paid on such date to be determined by subsequent resolutions of the
Board, which payment date shall be within 60 days following the Record Date (i.e., by July 1, 2025) (such date as determined by the Board, the “Payment Date”) and shall be apportioned on a pro rata basis among the Record Holders in
accordance with each Record Holder’s ownership percentage of our Common Stock (assuming the full exercise of all Participating Warrants to purchase Common Stock held by the Record Warrant Holders, the conversion of all Participating Notes held
by the Record Note Holders and deemed conversion of all outstanding Series A Preferred Stock held by the Record Preferred Holder) as of the Record Date as set forth in the records of our transfer agent (with respect to the Record Common Holders and
Record Preferred Holder) and ours (with respect to the Record Warrant Holders and the Record Note Holders) as of the Record Date. As of the date of this prospectus, the Board has not yet set a Payment Date for the Dividend and retains the right to
revoke the Dividend and change the Record Date.

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Should we decide in the future to do so, as a holding company, our ability to pay dividends