Company: SCLXW
Filing Date: 2025-12-29
Form Type: 424B3
Source: 0001193125-25-335429
Chunk: 566

Company: Scilex Holding Co
Filing Date: 2025-12-29
Form: 424B3
Chunk 566
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 Term”).

F-56

Reverse Stock Split

On April 3, 2025, the Board of Directors of the Company (the “Board”) approved a reverse stock split of the Common Stock at a ratio of 1-for-35 (the “Reverse Stock Split”), which was effected on April 15, 2025. As a result of the Reverse Stock Split, every 35 shares of pre-Reverse Stock Split Common Stock was combined into one share of post-Reverse Stock Split Common Stock, without any change in par value per share. No fractional shares were issued as a result of the Reverse Stock
Split, as fractional shares of Common Stock were rounded down to the nearest whole share. Stockholders who would have otherwise received a fractional share of Common Stock pursuant to the Reverse Stock Split, received cash in lieu of the fractional
share. All Common Stock amounts and references have been retroactively adjusted for all figures presented to reflect the Reverse Stock Split unless specifically stated otherwise. The Company also adjusted the amounts for shares of Common Stock
reserved for issuance upon the exercise of outstanding warrants, outstanding stock options and shares reserved under the Company’s stock-based compensation plans, with the exception of the outstanding
Penny Warrants and the Deposit Warrant, which were not affected by the Reverse Stock Split.

F-57

SCILEX HOLDING COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except for par value and share amounts) (Unaudited)

|                                                                                                                                         |     |   | September 30, 
          2025 |   |     |   | December 31, 
         2024 |   |
|:----------------------------------------------------------------------------------------------------------------------------------------|:----|:--|--------------:|:--|:----|:--|-------------:|:--|
| ASSETS                                                                                                                                  |     |   |               |   |     |   |              |   |
| Current assets:                                                                                                                         |     |   |               |   |     |   |              |   |
| Cash and cash equivalents                                                                                                               |     | $ |           878 |   |     | $ |        3,272 |   |
| Accounts receivable, net                                                                                                                |     |   |        11,941 |   |     |   |       26,442 |   |
| Inventory                                                                                                                               |     |   |         1,082 |   |     |   |        2,436 |   |
| Prepaid expenses and other current assets