Company: SCLXW
Filing Date: 2025-01-17
Form Type: 10-Q
Source: 0000950170-25-006755
Chunk: 65

Company: Scilex Holding Co
Filing Date: 2025-01-17
Form: 10-Q
Item: Item 1
Chunk 65
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 Gross Carrying Amount

        Accumulated Amortization

        Intangibles, net

        Patent rights
        $
        32,630

        $
        15,591

        $
        17,039

        Acquired technology
         
        21,940

        7,679

        14,261

        Acquired licenses
         
        5,711

        551

        5,160

        Assembled workforce
         
        500

        475

        25

        Total intangible assets
        $
        60,781

        $
        24,296

        $
        36,485

       As of September 30, 2024, the weighted average remaining life for identifiable intangible assets was 8.7 years. Aggregate amortization expense was $1.0 million and $3.0 million for the three and nine months ended September 30, 2024. Aggregate amortization expense was $1.0 million and $3.1 million for the three and nine months ended September 30, 2023, respectively. Estimated future amortization expense related to intangible assets as of September 30, 2024 is as follows (in thousands): 

        Amount

        2024 (remainder of 2024)
        $
        1,000

        2025
         
        4,006

        2026
         
        4,006

        2027
         
        4,006

        2028
         
        4,006

        Thereafter
         
        16,430

        Total
        $
        33,454

 17

7. Debt Convertible Debentures On March 21, 2023, the Company entered into the Yorkville SPA pursuant to which the Company would issue and sell to Yorkville Convertible Debentures in an aggregate principal amount of up to $25.0 million. The Yorkville SPA provided that the Convertible Debentures would be issued and sold at a purchase price equal to 96% of the applicable principal amount in three tranches as follows: (i) $10.0 million upon the signing of the Yorkville SPA, which was funded on March 21, 2023, (ii) $7.5 million upon the filing of a registration statement on Form S-1 with the SEC