Company: SCLXW
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001193125-25-115095
Chunk: 511

Company: Scilex Holding Co
Filing Date: 2025-05-07
Form: POS AM
Chunk 511
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 the ZTlido Royalty Purchase Agreement was $ 6.8 million, recorded as a purchased revenue liability on the consolidated balance sheet. The Company incurred $ 0.2 million of issuance costs in connection with the ZTlido Royalty Purchase Agreement, which were inc lu ded in the consolidated statement of operations for the year ended December 31, 2024.

The following table summarizes the purchased revenue liability activity during the year ended December 31, 2024 (in thousands):

|                                                     |     | December 31,2024 |       |
|:----------------------------------------------------|:----|:-----------------|------:|
| Beginning Balance as of October 8, 2024             |     | $                | 5,900 |
| Change in fair value of purchased revenue liability |     |                  |   900 |
| Ending Balance as of December 31, 2024              |     | $                | 6,800 |

F-34

8. Junior DIP Facility and Sorrento Stock Purchase Agreement Junior DIP Facility In July 2023, the Company entered into an agreement to provide Sorrento with a non-amortizingsuper-priority junior secured term loan facility (“Junior DIP Facility”) in an aggregate principal amount of $ 20.0million (the “Junior DIP Loan Agreement”), which was funded in the same month. The Junior DIP Facility bears interest at a per annum rate of 12.0% payable in kind on the first day of each month in arrears and on the DIP Termination Date (as defined in the Junior DIP Loan Agreement). Upon repayment or satisfaction of the DIP Loans (as defined in the Junior DIP Loan Agreement) in whole or in part, Sorrento is required to pay to the Company in cash an exit fee equal to 2.00% of the aggregate principal amount of the Junior DIP Facility. The Junior DIP Facility was to mature on the earliest of: (i) September 30, 2023; (ii) the effective date of any Chapter 11 plan of reorganization with respect to Sorrento; (iii) the consummation of any sale or other disposition of all or substantially all of the assets of Sorrento; (iv) the date of the acceleration of the DIP Loans and the termination of the DIP Commitments (as defined in the Junior DIP Loan Agreement) in accordance with the DIP Documents (as defined in the