Company: SCLXW
Filing Date: 2025-05-14
Form Type: 424B3
Source: 0001193125-25-119822
Chunk: 431

Company: Scilex Holding Co
Filing Date: 2025-05-14
Form: 424B3
Chunk 431
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 noted above, the holders of the Tranche B Notes have certain redemption rights upon a
fundamental transaction constituting a change of control.

275

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.

December 2024 Warrants

On December 11, 2024, we entered into the December 2024 RDO Purchase Agreement, pursuant to which we sold, in a registered direct
offering, (i) an aggregate of 26,355,347 shares of Common Stock, (ii) the December 2024 RDO Pre-Funded Warrants, to purchase up to 68,604 shares of Common Stock, with an exercise price of $22.72 per
share, (iii) the December 2024 RDO Common Warrants to purchase up to 1,642,871 shares of Common Stock, issued to the investors, with an exercise price of $22.72 per share, and (iv) the StockBlock Warrants to purchase up to 131,472 shares
of Common Stock, issued to StockBlock, with an exercise price of $25.81 per share.

As of March 31, 2025, there were 1,774,343
December 2024 Warrants that remain outstanding. All of the December 2024 RDO Pre-Funded Warrants have been exercised.

The December 2024 RDO Common Warrants, subject to certain ownership limitations, become exercisable on the six month anniversary of the date
of issuance and one half of the December 2024 RDO Common Warrants have a term that expires five years from the date of issuance and the remaining one-half of such December 2024 RDO Common Warrants
have a term that expires two and one-half years from the date of issuance.

The
StockBlock Warrants are