Company: SCLXW
Filing Date: 2025-12-16
Form Type: S-1
Source: 0001193125-25-319720
Chunk: 594

Company: Scilex Holding Co
Filing Date: 2025-12-16
Form: S-1
Chunk 594
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 to be a Level 3 fair value measurement. The primary unobservable input utilized in determining the fair value of the warrant is the expected volatility of the Common Stock. The expected volatility assumption is based on the**

<div align='center'>F-78</div>

Company’s historical volatility, historical volatilities of comparable companies whose share prices are publicly available as well as the implied volatility of the Public Warrants (as defined below), described in Note 9 of the Notes to Consolidated Financial Statements in the Annual Report on Form 10-K.

A summary of the inputs used in valuing the derivative warrant liabilities as of September 30, 2025 is as follows:

|                |     |   | PrivateWarrants |   |     |   | February2024BDOFirmWarrants |   |     |   | April2024RDOCommonWarrants |   |     |   | DepositWarrant |   |     |   | October2024NoteholderWarrants |   |     |   | December2024RDOCommonWarrants(5yr) |   |     |   | December2024RDOCommonWarrants(2.5yr) |   |     |   | NewTranche BWarrants |   |     |   | September2025Warrants |   |
|:---------------|:----|:--|----------------:|:--|:----|:--|----------------------------:|:--|:----|:--|---------------------------:|:--|:----|:--|---------------:|:--|:----|:--|------------------------------:|:--|:----|:--|-----------------------------------:|:--|:----|:--|-------------------------------------:|:--|:----|:--|---------------------:|:--|:----|:--|----------------------:|:--|
| Exercise price |     | $ |          402.50 |   |     | $ |                       59.50 |   |     | $ |                      38.50 |   |     | $ |           1.20 |   |     | $ |                         36.40 |   |     | $ |                              22.72 |   |     | $ |                                22.72 |   |     | $ |                40.00 |   |     | $ |                 20.00 |   |
| Term, in years |     |   |            2.11