Company: SCLXW
Filing Date: 2025-01-17
Form Type: 10-Q
Source: 0000950170-25-006755
Chunk: 130

Company: Scilex Holding Co
Filing Date: 2025-01-17
Form: 10-Q
Item: Item 1
Chunk 130
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 FSF Deposit and the Revolving Facility as well as deferred consideration related to the GLOPERBA license acquired from RxOmeg Therapeutics, LLC (a/k/a Romeg Therapeutics, Inc.) (“Romeg”) in 2022. The following table summarizes the aggregate indebtedness of these issuances as of September 30, 2024 and December 31, 2023 (in thousands):

 51

    September 30, 2024

    December 31, 2023

    Oramed Note (outstanding principal balance: $60.2 million and $96.9 million as of September 30, 2024 and December 31, 2023, respectively)
     
    $
    69,946

    $
    104,089

    Convertible Debentures (outstanding principal balance: nil and $4.4 million as of September 30, 2024 and December 31, 2023, respectively)

    —

    4,340

    FSF Deposit (outstanding principal balance: $10.0 million and nil as of September 30, 2024 and December 31, 2023, respectively)

    14,690

    —

    Revolving Facility

    14,332

    17,038

    Deferred Consideration with Romeg

    3,014

    3,386

    Total indebtedness
     
    $
    101,982

    $
    128,853

The Oramed Note

As of September 30, 2024, the fair value of the Oramed Note outstanding was $69.9 million pursuant to the Scilex-Oramed SPA (see Note 7 titled “Debt” to our unaudited condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q for additional information).

Convertible Debentures

We fully repaid the Convertible Debentures in March 2024 (see Note 7 titled “Debt” to our unaudited condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q for additional information).

FSF Deposit

As of September 30, 2024, the fair value of the FSF Deposit outstanding was $14.7 million (see Note 7 titled “Debt” to our unaudited condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q for additional information).

Revol