Company: SCLXW
Filing Date: 2025-08-04
Form Type: S-1
Source: 0001193125-25-172703
Chunk: 602

Company: Scilex Holding Co
Filing Date: 2025-08-04
Form: S-1
Chunk 602
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-use (“ROU”) assets or lease liabilities, and are immaterial.

As the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The Company calculates the associated lease liability and corresponding ROU asset upon lease commencement using a discount rate based on a credit-adjusted secured borrowing rate commensurate with the term of the lease. As of March 31, 2025, the Company has no finance leases .

Lease expense was $ 0.3 million for each of the three months ended March 31, 2025 and 2024, and was primarily comprised of operating lease costs. The lease expense included variable lease costs and sublease income, which were immaterial for the periods presented.

Supplemental quantitative information related to leases includes the following:

| Cash paid for amounts included in the measurement of lease liabilities: |     | Three MonthsEnded March 31, 
 2025                        |      |   |     | 2024 |      |   |
|:------------------------------------------------------------------------|:----|:----------------------------|-----:|:--|:----|:-----|-----:|:--|
| Operating cash flows from operating leases (in thousands)               |     | $                           | (227 | ) |     | $    | (277 | ) |
| Weighted average remaining lease term in years - operating leases       |     |                             |  2.5 |   |     |      |  3.4 |   |
| Weighted average discount rate - operating leases                       |     |                             | 11.0 | % |     |      | 11.0 | % |

Approximate future minimum lease payments under operating leases were as follows (in thousands):

|                                         |     | Amount |       |   |
|:----------------------------------------|:----|:-------|------:|:--|
| 2025 (Remainder of 2025)                |     | $      |   689 |   |
| 2026                                    |     |        |   944 |   |
| 2027                                    |     |        |   724 |   |
| Total lease payments                    |     |        | 2,357 |   |
| Less imputed interest                   |     |        |  (290 | ) |
| Total lease liabilities                 |     |        | 2,067 |   |
| Less current portion of