Company: SCLXW
Filing Date: 2025-05-14
Form Type: 424B3
Source: 0001193125-25-119831
Chunk: 454

Company: Scilex Holding Co
Filing Date: 2025-05-14
Form: 424B3
Chunk 454
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 to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over
financial reporting but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or
fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the
accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ BPM LLP

We have served as the Company’s auditor since
2024.

Walnut Creek, California

March 31, 2025

F-2

SCILEX HOLDING COMPANY CONSOLIDATED BALANCE SHEETS (In thousands, except for par value and share amounts)

|                                                                                                                                              |     |   | December 31, 
         2024 |   |     |   | December 31, 
         2023 |   |
|:---------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| ASSETS                                                                                                                                       |     |   |              |   |     |   |              |   |
| Current assets:                                                                                                                              |     |   |              |   |     |   |              |   |
| Cash and cash equivalents                                                                                                                    |     | $ |        3,272 |   |     | $ |        3,921 |   |
| Accounts receivable, net                                                                                                                     |     |   |       26,442 |   |     |   |       34,597 |   |
| Inventory                                                                                                                                    |     |   |        2,436 |   |     |   |        4,214 |   |
| Prepaid expenses and other current assets                                                                                                    |     |   |        9,397 |   |     |   |        4,049 |   |
| Total current assets                                                                                                                         |     |   |       41,547 |   |     |   |       46,781 |   |
| Property and equipment, net                                                                                                                  |     |   |