Company: SCLXW
Filing Date: 2025-02-14
Form Type: PRE 14A
Source: 0001193125-25-027244
Chunk: 25

Company: Scilex Holding Co
Filing Date: 2025-02-14
Form: PRE 14A
Chunk 25
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 respect to awards granted under the Equity Plans, the number of shares of the
Common Stock issuable thereunder will be rounded down to the nearest whole share of the Common Stock, in order to comply with the requirements of Sections 409A and 424 of the U.S. Internal Revenue Code of 1986, as amended (the
“Code”).

Illustration of Certain Hypothetical Effects of the Reverse Stock Split

The following table contains approximate information relating to the Common Stock, as of January 31, 2025, before and after giving effect to a
hypothetical Reverse Stock Split of one-for-fourteen (1-for-14), one-for-twenty-two (1-for-22) and one-for-thirty (1-for-30). However, the sample reverse stock split ratios in the table are
examples. If stockholder approval of the Reverse Stock Split Proposal is received, the Board will have the sole discretion, on or before March 19, 2026, to elect, as it determines to be in the best interests of the Company and its stockholders,
whether to effect a reverse stock split and, if so, the number of shares — 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29 or 30 of the Common Stock — that will be combined into one share of the Common
Stock. The figures below do not give effect to the treatment of fractional shares.

The table below does not contain information relating
to the 45,000,000 shares of Preferred Stock authorized for issuance, of which, as of January 31, 2025, 29,057,097 shares of Series A Preferred Stock were outstanding. The

15

Reverse Stock Split would have no effect on the total number of the shares of Preferred Stock authorized for issuance or currently issued and outstanding or the applicable voting rights and other rights and preferences of the holders thereof (other than the effect of the Reverse Stock Split on the deemed conversion price of the Series A Preferred Stock as described above).

|                                                                                                |     | Pre-Reverse 
 Stock Split |              |   |     | Post-Reverse Stock Split |             |   |     |      |             |   |     |             |   |
|                                                                                                |     | 14:1        |              |   |     | 22:1                     |             |   |