Company: SCLXW
Filing Date: 2025-08-04
Form Type: S-1
Source: 0001193125-25-172703
Chunk: 459

Company: Scilex Holding Co
Filing Date: 2025-08-04
Form: S-1
Chunk 459
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 We are also required to pay a late charge of 15.0% on any amount of principal or other amounts that are not paid when due (solely to the extent such amounts are not then accruing interest at the Default Rate).

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The Tranche B Notes prohibit us from entering into specified fundamental transactions unless the successor entity assumes all of our obligations under the Tranche B Notes under a written agreement approved by the required holders of the Tranche B Notes before the transaction is completed. Upon consummation of specified fundamental transactions, the successor entity must confirm that upon conversion or redemption of the Tranche B Notes thereafter, shares of the successor entity will be issuable upon such conversion or redemption. As noted above, the holders of the Tranche B Notes have certain redemption rights upon a fundamental transaction constituting a change of control.

In connection with any amortization, certain redemptions or other repayment of the Tranche B Notes, we shall also pay an amount equal to the amount of additional interest that would accrue under such Tranche B Notes at the interest rate then in effect assuming that the amount so converted, redeemed, amortized or otherwise repaid on such date of determination instead remained outstanding through and including the maturity date of such Tranche B Notes.

The foregoing summaries of the terms and conditions of the Tranche B Notes do not purport to be complete and are qualified in their entirety by reference to the copies of the forms of Tranche B Notes that are filed as an exhibit to the registration statement of which this prospectus forms a part.

#### Exchange Warrants
On July 22, 2025 we entered into Warrant Exchange Agreements with the Exchange Warrant Holders pursuant to which each of the Exchange Warrant Holders surrenders its October 2024 Noteholder Warrants in exchange for the Exchange Warrants. An aggregate of 500,000 shares of Common Stock may be issued upon exercise of the Exchange Warrants, with a current exercise price of $40.00 per share. The Exchange Warrants expire on the fifth anniversary of the issuance date of the October 2024 Noteholder Warrants. The exercise price of the Exchange Warrants is subject to adjustment for any stock split, stock dividend, stock combination, recapitalization or similar event, and is also subject to full-ratchet adjustment (down to the exercise price floor) in connection with a subsequent offering at a per share price less than the exercise price then in effect. The exercise price floor is $