Company: SCLXW
Filing Date: 2025-12-29
Form Type: 424B3
Source: 0001193125-25-335429
Chunk: 618

Company: Scilex Holding Co
Filing Date: 2025-12-29
Form: 424B3
Chunk 618
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 distributed.

Treasury Stock

As of September 30, 2025 and
December 31, 2024, there were 1,458,263 and 1,716,245 shares of Treasury Stock, respectively.

At-the-MarketSales Agreement

On December 22, 2023, the Company entered into the ATM Sales Agreement
with the Sales Agents, which agreement was voluntarily terminated by the Company effective as of March 5, 2025. Pursuant to the ATM Sales Agreement, the Company was able to offer and sell the ATM Shares through or to the Sales Agents. The
Company had no obligation to sell any shares of Common Stock under the ATM Sales Agreement and may suspend offers at any time.

The ATM Shares offered and
sold in the Offering were issued pursuant to the Company’s shelf registration statement on Form S-3 (which was initially filed with the SEC on December 22, 2023, as amended, and declared
effective on January 11, 2024 (File No. 333-276245)) (the “Shelf S-3 Registration Statement”). The ATM Shares were offered only by means of a
prospectus forming a part of the Shelf S-3 Registration Statement.

The Sales Agents were entitled to a commission
equal to 3.0% of the gross proceeds from each sale of shares of Common Stock. The Company agreed to reimburse the Sales Agents for certain expenses and has agreed to provide indemnification and contribution to the Sales Agents against certain civil
liabilities, including liabilities under the Securities Act.

For the nine months ended September 30, 2025, no sales of Common Stock had
been made under the ATM Sales Agreement. For the nine months ended September 30, 2024, the Company sold 2,637 shares of Common Stock pursuant to the ATM Sales Agreement for net proceeds of approximately $0.1 million.

F-94

February 2024 Bought Deal Offering Underwriting Agreement

On February 29, 2024, the Company entered into an underwriting agreement (the “February 2024 BDO Underwriting Agreement”) with
Rodman & Renshaw LLC and StockBlock, acting as representatives of the underwriters, to sell, in an underwritten offering (the “February 2024 BDO”), 168,068 shares of Common Stock (the “February 2024 BDO Firm Shares”)
and accompanying common warrants to purchase up to an aggregate of 168,068 shares of Common