Company: SCLXW
Filing Date: 2025-05-14
Form Type: 424B3
Source: 0001193125-25-119846
Chunk: 34

Company: Scilex Holding Co
Filing Date: 2025-05-14
Form: 424B3
Chunk 34
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arrants, assuming the exercise in full of all of the SPAC           
 Warrants for cash. Each SPAC Warrant entitles the holder thereof to purchase 1/35th of a share of Common Stock at a price of $402.50 per whole share (provided that in no event shall the                                                                
 holder of any such warrants be entitled, upon the exercise of such warrants, to receive a fractional interest in a share of Common Stock upon such exercise and the Company shall, upon such exercise, round up to the nearest whole number of shares of 
 Common Stock to be issued to such holder). On May 5, 2025, the closing price for our Common Stock was $5.43 per share. If the price of our Common Stock remains below $402.50 per whole share, we believe warrantholders will be unlikely to             
 cash exercise their SPAC Warrants, resulting in little or no cash proceeds to us. We currently intend to use the proceeds (if any) from the exercise of the SPAC Warrants for cash for working capital and general corporate purposes, which may include 
 capital expenditures, commercialization expenditures, research and development expenditures, regulatory affairs expenditures, clinical trial expenditures, acquisitions of new technologies and investments, business combinations and the repayment,    
 refinancing, redemption or repurchase of indebtedness or capital stock. See “Use of Proceeds” elsewhere in this prospectus.                                                                                                                              |

Resale of Common Stock and Warrants

| Shares of Common Stock offered by the Selling Securityholders | Up to 1,594,207 shares of our Common Stock, consisting of: |

| • |     | 41,082 Sponsor Shares; |

| • |     | 1,513,040 Merger Shares, of which 1,458,263 are held by SCLX JV; and |

| • |     | 40,085 Private Warrant Shares. |

20

| Warrants offered by the Selling Warrantholder(2) | Up to 1,402,955 Private Warrants. |

| Redemption | The SPAC Warrants are redeemable in certain circumstances. See “Description of Our Securities — Public Warrants” “Description of Our Securities — Private Warrants” for further discussion. |

| Use of proceeds | We will not receive any proceeds from the sale of shares of Common Stock or Private Warrants by the Selling Securityholders, except with respect to amounts received by us upon the exercise of the Private Warrants for cash. |

| Market for