Company: SCLXW
Filing Date: 2025-12-29
Form Type: 424B3
Source: 0001193125-25-335429
Chunk: 636

Company: Scilex Holding Co
Filing Date: 2025-12-29
Form: 424B3
Chunk 636
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 Company investigated those claims, conducted and responded to discovery, and vigorously contested this lawsuit. The parties concluded a settlement of all claims on June 2, 2025, the terms of which are confidential. Operating Leases The Company leases administrative and research and development facilities under various non-cancelablelease agreements. Facility leases generally provide for periodic rent increases and may include options to extend. As of September 30, 2025, the Company’s leases have remaining lease terms of approximately 2.0 years. The terms of the Company’s leases, ranging from 3 to 5 years, include extension options that are not reasonably certain to be exercised. Many of the Company’s leases are subject to variable lease payments. Variable lease payments are recognized in the period in which the obligations for those payments are incurred, are not included in the measurement of the right-of-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 September 30, 2025, the Company has no finance leases. Lease expense was $0.3 million for each of the three months ended September 30, 2025 and 2024, and $0.8 million for each of the nine months ended September 30, 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: |     | Nine Months Ended 
 September 30,     
 2025              |      |   |     | 2024 |      |   |
|:------------------------------------------------------------------------|:----|:------------------|-----:|:--|:----|:-----|-----:|:--|
| Operating cash flows from operating leases (in thousands)               |     | $                 | (227 | ) |     | $    | (278 | ) |
| Weighted average remaining lease term in years — operating leases       |     |                   |  2.0 |   |     |      |  3