Company: SCLXW
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001193125-25-115095
Chunk: 496

Company: Scilex Holding Co
Filing Date: 2025-05-07
Form: POS AM
Chunk 496
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 which consists of the $ 2,000,000 paid by the Company to the Sponsor and the value of the 300,000 shares of the Common Stock at the closing price of $ 1.15 per share on the Signing Date for a total of $ 2.3 million. The Company elected to subsequently measure the investment at cost less any impairment. As of December 31, 2024, the Company’s investment in the Purchased Interests had a balance of $ 2.3 million. No impairment loss was recognized during the year ended December 31, 2024.

Property and Equipment, Net

Property and equipment, net, consists of the following (in thousands):

|                                |     |   | December 31,2024 |   |     |   | December 31,2023 |   |
|:-------------------------------|:----|:--|-----------------:|:--|:----|:--|-----------------:|:--|
| Construction in progress       |     | $ |              689 |   |     | $ |              689 |   |
| Furniture                      |     |   |               17 |   |     |   |                5 |   |
| Computers and equipment        |     |   |               16 |   |     |   |               36 |   |
| Leasehold improvements         |     |   |               50 |   |     |   |               50 |   |
| Property and equipment, gross  |     |   |              772 |   |     |   |              780 |   |
| Less: Accumulated depreciation |     |   |              (64 | ) |     |   |              (58 | ) |
| Property and equipment, net    |     | $ |              708 |   |     | $ |              722 |   |

The Company recognized depreciation expense of $ 14.0 thousand and $ 40.0 thousand for the years ended December 31, 2024 and 2023, respectively.

Accrued Expenses

Accrued expenses consists of the following (in thousands):

|                                        |     |   | December 31,2024 |     |   | December 31,2023 |
|:---------------------------------------|:----|:--|-----------------:|:----|:--|-----------------:|
| Accrued professional service fees      |     | $ |              667 |     | $ |