Company: SCLXW
Filing Date: 2025-08-04
Form Type: S-1
Source: 0001193125-25-172703
Chunk: 537

Company: Scilex Holding Co
Filing Date: 2025-08-04
Form: S-1
Chunk 537
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 |     | $ | 1,198 |     | $ | 1,071 |

As of December 31, 2024 and 2023, the Company had $ 1.2 million and $ 1.1 million in total unrecognized tax benefits, respectively, which have been reflected as a reduction in deferred tax assets. If these were to be recognized, they would affect the effective tax rate, however given the full valuation allowance in the jurisdiction in which the unrecognized tax benefits relate to, the impact on the effective tax rate would be nil.

The Company’s policy is to recognize interest and penalties related to income tax matters in income tax expense. Nointerest or penalties have been recognized as of and for the years ended December 31, 2024 and 2023. The Company believes that nomaterial amount of the liabilities for uncertain tax positions are expected to reverse within 12 months ofDecember31, 2024. F-51

13. Net Loss Per Share

The following table sets forth the reconciliation of basic and diluted loss per share for the years ended December 31, 2024 and 2023 (in thousands except per share data):

|                                                                              |     | Year Ended December 31, 
 2024                    |         |   |     | 2023 |          |   |
|:-----------------------------------------------------------------------------|:----|:------------------------|--------:|:--|:----|:-----|---------:|:--|
| Net loss                                                                     |     | $                       | (72,807 | ) |     | $    | (114,331 | ) |
| Premium on redemption of Series A Preferred Stock                            |     |                         |       — |   |     |      |  (52,645 | ) |
| Net loss for basic loss per share available to common stockholders           |     | $                       | (72,807 | ) |     | $    | (166,976 | ) |
| Reversal ofmark-to-marketadjustment for liability classified warrants        |     |                         |  (8,895 | ) |     |      |        — |   |
| Net loss for diluted loss per share available to common stockholders         |     | $                       | (81,702 | ) |     | $    | (166,976 | ) |
| Weighted average number of shares outstanding                                |     |                         |   3,561 |   |     |      |    3,722 |   |
| Weight