Company: SCLXW
Filing Date: 2025-07-23
Form Type: 424B3
Source: 0001193125-25-163077
Chunk: 17

Company: Scilex Holding Co
Filing Date: 2025-07-23
Form: 424B3
Chunk 17
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 the applicable VWAP Purchase Maximum Amount, at
the applicable VWAP Purchase Price therefor (as confirmed in the applicable VWAP Purchase Confirmation and based upon the Company’s election to use a One-Day VWAP Purchase Valuation Period or Three-Day VWAP Purchase Valuation Period) in accordance with this Agreement (each such purchase, a “VWAP Purchase”). The Company may deliver to the Investor a VWAP Purchase Notice on a VWAP Purchase
Exercise Date, provided that: (a) the Company may not deliver more than one (1) VWAP Purchase Notice to the Investor on any single Trading Day; (b) the Company may not deliver to the Investor a VWAP Purchase Notice until the
termination of the applicable VWAP Purchase Valuation Period for a prior VWAP Purchase Notice delivered by the Company to the Investor; and (c) all Shares subject to all prior VWAP Purchase Notices (as applicable) delivered by the Company to
the Investor pursuant to this Agreement (if any) have theretofore been received by the Investor or its Broker-Dealer as DWAC Shares. The Investor is obligated to accept each VWAP Purchase Notice prepared and delivered by the Company in accordance
with the terms of and subject to the satisfaction of the conditions contained in this Agreement. If the Company delivers any VWAP Purchase Notice directing the Investor to purchase a VWAP Purchase Share Amount in excess of the applicable VWAP
Purchase Maximum Amount that the Company is then-permitted to include in such VWAP Purchase Notice, such VWAP Purchase Notice shall be void ab initio to the extent of the amount by which the VWAP Purchase Share Amount set forth in such VWAP
Purchase Notice exceeds such applicable VWAP Purchase Maximum Amount, and the Investor shall have no obligation to purchase such excess Shares in respect of such VWAP Purchase Notice; , , that the Investor shall remain
obligated to purchase the applicable VWAP Purchase Maximum Amount in such VWAP Purchase. At or prior to 9:30 a.m., New York City time, on the Trading Day immediately following the termination of the applicable VWAP Purchase Valuation Period for
each VWAP Purchase (the “VWAP Purchase Date”), the Investor shall provide to the Company a written confirmation for such VWAP Purchase setting forth

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the applicable VWAP Purchase Share Amount and the applicable VWAP Purchase Price (both on a per Share basis and the total aggregate VWAP Purchase Price to be paid by the Investor for such
applicable VWAP Purchase Share Amount) for