Company: SCLXW
Filing Date: 2025-01-17
Form Type: 424B3
Source: 0000950170-25-006777
Chunk: 92

Company: Scilex Holding Co
Filing Date: 2025-01-17
Form: 424B3
Chunk 92
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 and the FSF Deposit. The Oramed Note was issued in September 2023 in the principal amount of $101.9 million, of which the principal amount of $60.2 million remained outstanding as of September 30, 2024. The FSF Deposit was received in June 2024 in the principal amount of $10.0 million, which remained outstanding as of September 30, 2024. The loss recognized during the three months ended September 30, 2023 was attributed to the Convertible Debentures issued in March and April 2023 in an aggregate principal amount of $25.0 million which were fully repaid during the first quarter of 2024.

Interest Expense, Net

Interest expense, net for the three months ended September 30, 2024 and 2023 was $0.6 million and $0.5 million, respectively. The increase was attributed to $0.1 million of interest related to the Revolving Facility.

Results of Operations For the Nine Months Ended September 30, 2024 and 2023

| Statements of Operations Data:                         |     | Nine Months Ended September 30, 
 2024                            |         |   |     | 2023 |         |   |     | Changes |         |   |
|:-------------------------------------------------------|:----|:--------------------------------|--------:|:--|:----|:-----|--------:|:--|:----|:--------|--------:|:--|
| Net revenue                                            |     | $                               |  41,690 |   |     | $    |  33,281 |   |     | $       |   8,409 |   |
| Net operating costs and expenses:                      |     |                                 |         |   |     |      |         |   |     |         |         |   |
| Cost of revenue                                        |     |                                 |  11,998 |   |     |      |  11,160 |   |     |         |     838 |   |
| Research and development                               |     |                                 |   7,461 |   |     |      |  10,012 |   |     |         |  (2,551 | ) |
| Selling, general and administrative                    |     |                                 |  83,610 |   |     |      |  96,121 |   |     |         | (12,511 | ) |
|