Company: SCLXW
Filing Date: 2025-08-04
Form Type: S-1
Source: 0001193125-25-172703
Chunk: 180

Company: Scilex Holding Co
Filing Date: 2025-08-04
Form: S-1
Chunk 180
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 on Nasdaq under the symbols “VCKA,” “VCKAU” and “VCKAW,” respectively. At the Effective Time, without any action on the part of the holder, each Unit then outstanding separated automatically into its component securities, comprised of one share of Common Stock and one-half of one warrant to purchase one share of Common Stock. As of July 31, 2025, and taking into account the effect of the Reverse Stock Split, there were 123 holders of record of our Common Stock and one holder of record of our Public Warrants, which amount does not include participants of The Depository Trust Company or beneficial owners holding shares through nominee names.

Dividend Policy

Except as set forth below, we have never declared or paid any dividend on shares of our Common Stock. We anticipate that we will retain all of our future earnings, if any, to fund the development and growth of our business. Any future determination to pay dividends on our capital stock will be at the discretion of our Board. It is the present intention of our Board to retain all earnings, if any, for use in our business operations and, accordingly, our Board does not anticipate declaring any dividend in the foreseeable future, except as disclosed in the section titled “Use of Proceeds.”

As previously disclosed on October 27, 2024, our Board declared the Dividend consisting of the Dividend Stock of Series 1 Mandatory Exchangeable Preferred Stock, par value $0.0001 per share to record holders of certain of our securities. The last record date for the Dividend was May 2, 2025, but on June 23, 2025, the Board determined to defer such record date to a later day to be determined in the sole discretion of the Board (such date as may be set by the Board, the “Record Date”). Depending on the actual Record Date, the Company anticipates that the following Company securities will be entitled to participate in the Dividend, to the extent outstanding as of such Record Date: (i) our Common Stock (such record holders, the “Record Common Holders”), (ii) certain warrants to purchase Common Stock that have not been exercised prior to the Record Date (and which have the right to participate in the Dividend pursuant to the terms of their respective warrants, other than, for the avoidance of doubt any warrants to purchase Common Stock with an exercise price of $402.50 per whole share, and any other warrants that by their terms have not vested and are therefore not entitled to