Company: SCLXW
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0000950170-25-071920
Chunk: 33

Company: Scilex Holding Co
Filing Date: 2025-05-15
Form: 424B3
Chunk 33
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ization expense was $1.0 million for each of the three months ended March 31, 2025 and 2024. Patent rights, acquired technology and acquired licenses are amortized over a 15-year period. Estimated future amortization expense related to intangible assets as of March 31, 2025 is as follows (in thousands):

|                          | Amount |        |
|:-------------------------|:-------|-------:|
| 2025 (Remainder of 2025) | $      |  3,004 |
| 2026                     |        |  4,006 |
| 2027                     |        |  4,006 |
| 2028                     |        |  4,006 |
| 2029                     |        |  4,006 |
| Thereafter               |        | 12,423 |
| Total                    | $      | 31,451 |

7. Debt The Oramed Note On September 21, 2023, the Company entered into a securities purchase agreement with Oramed (the “Scilex-Oramed SPA”), pursuant to which the Company issued the Oramed Note. The Oramed Note, which has a principal amount of $101.9 million, was to mature on March 21, 2025. It is payable in six principal installments, with the first installment of $5.0 million payable on December 21, 2023, the second installment in the principal amount of $15.0 million payable on March 21, 2024, the next three installments each in the principal amount of $20.0 million payable on each of June 21, 2024, September 21, 2024 and December 21, 2024 and the last installment in the entire remaining principal balance of the Oramed Note payable on March 21, 2025. Interest under the Oramed Note accrues at a fluctuating per annum interest rate equal to the sum of (1) the greater of (x) 4% and (y) Term SOFR (as defined in the Oramed Note) and (2) 8.5%, payable in-kind on a monthly basis. Pursuant to the Oramed Note, since the outstanding principal of the Oramed Note was not repaid in full on or prior to March 21, 2024, an exit fee of approximately $3.1 million has been