Company: SCLXW
Filing Date: 2025-02-27
Form Type: DEF 14A
Source: 0001193125-25-039223
Chunk: 25

Company: Scilex Holding Co
Filing Date: 2025-02-27
Form: DEF 14A
Chunk 25
---
 agent concerning ownership of such funds within the time permitted in such jurisdiction. Thereafter, stockholders otherwise entitled to receive such funds will have to seek to obtain them
directly from the state to which they were paid.

With respect to awards granted under the Equity Plans, the number of shares of the
Common Stock issuable thereunder will be rounded down to the nearest whole share of the Common Stock, in order to comply with the requirements of Sections 409A and 424 of the U.S. Internal Revenue Code of 1986, as amended (the
“Code”).

Illustration of Certain Hypothetical Effects of the Reverse Stock Split

The following table contains approximate information relating to the Common Stock, as of January 31, 2025, before and after giving effect to a
hypothetical Reverse Stock Split of one-for-fourteen (1-for-14), one-for-thirty (1-for-30) and one-for-fifty (1-for-50). However, the sample reverse stock split
ratios in the table are examples. If stockholder approval of the Reverse Stock Split Proposal is received, the Board will have the sole discretion, on or before March 19, 2026, to elect, as it determines to be in the best interests of the Company
and its stockholders, whether to effect a reverse stock split and, if so, the number of shares — 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47,
48, 49 or 50 of the Common Stock — that will be combined into one share of the Common Stock. The figures below do not give effect to the treatment of fractional shares.

The table below does not contain information relating to the 45,000,000 shares of Preferred Stock authorized for issuance, of which, as of
January 31, 2025, 29,057,097 shares of Series A Preferred Stock were outstanding. The

15

Reverse Stock Split would have no effect on the total number of the shares of Preferred Stock authorized for issuance or currently issued and outstanding or the applicable voting