Company: SCLXW
Filing Date: 2025-12-16
Form Type: S-1
Source: 0001193125-25-319720
Chunk: 597

Company: Scilex Holding Co
Filing Date: 2025-12-16
Form: S-1
Chunk 597
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 execution of, the Tumim Purchase Agreement, the Company and Tumim also entered into a Registration Rights Agreement, dated as of July 22, 2025 (the “Tumim Registration Rights Agreement”), pursuant to which the Company agreed to file with the SEC one or more registration statements (each, a “Tumim Registration Statement”), to register under the Securities Act the offer and resale by Tumim of all of the shares that may be issued by the Company to Tumim from time to time under the Tumim Purchase Agreement, including the Commitment Shares. Tumim’s obligation to purchase shares of Common Stock pursuant to the Tumim Purchase Agreement is subject to such a Tumim Registration Statement being filed with the SEC and declared effective. On October 30, 2025 the Company and Tumim entered into a termination agreement (the “Termination Agreement”), pursuant to which each of the Tumim Purchase Agreement and the Tumim Registration Rights Agreement (together, the “Original Agreements”) shall terminate upon payment in full of an aggregate of $ 2.7million by the Company to Tumim in lieu of the issuance of the Commitment Shares with $ 500,000to be paid on or before each of October 31, 2025 and November 14, 2025 and the remaining $ 1.7million to be paid on or before December 15, 2025. The Company made the first two payments on October 31, 2025 and November 13, 2025, respectively. 5. Balance Sheet Components Equity Investments Datavault Securities Purchase Agreement On September 25, 2025, the Company entered into a Securities Purchase Agreement (the “Datavault SPA”) with Datavault AI Inc., a Delaware corporation (“Datavault”), pursuant to which Datavault agreed to issue and sell, and the Company agreed to purchase, 15.0million shares (the “Datavault Shares”) of common stock of Datavault F- 80

**(“Datavault Common Stock”) and a pre-fundedwarrant (the “Datavault Pre-FundedWarrant”) to purchase 263,914,094shares of Datavault Common Stock for an aggregate purchase price of $ 150million.

On September 26, 2025 (the “Initial Datavault Closing Date”), the Company acquired 15,000,000shares of Datavault Common Stock at a purchase price