Company: SCLXW
Filing Date: 2025-05-14
Form Type: 424B3
Source: 0001193125-25-119846
Chunk: 172

Company: Scilex Holding Co
Filing Date: 2025-05-14
Form: 424B3
Chunk 172
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 due to the lower price at which they acquired their shares compared to the other securityholders. Other securityholders may not experience a similar rate of return
on the securities they purchased due to differences in the purchase prices and the current trading price. For example, based on the closing price of our Common Stock of $5.43 on May 5, 2025, the Sponsors may experience a potential profit of up
to $5.19 per share of Common Stock given that they acquired such shares at a price of $0.245 per share. Depending on the price, the public securityholders may have paid significantly more than the Selling Securityholders for any securities they
may have purchased in the open market based on variable market prices and therefore may not be able to experience the same positive rates of return on securities they purchase.

103

MARKET AND INDUSTRY DATA

Certain information contained in this prospectus relates to or is based on studies, publications, surveys and other data obtained from
third-party sources and our own internal estimates and research. While we believe these third-party sources to be reliable as of the date of this prospectus, we have not independently verified the market and industry data contained in this
prospectus or the underlying assumptions relied on therein. Finally, while we believe our own internal research is reliable, such research has not been verified by any independent source. Notwithstanding the foregoing, we are liable for the
information provided in this prospectus. The industry in which we operate is subject to a high degree of uncertainty and risk due to a variety of factors, including those described in the section of this prospectus titled “Risk Factors”. These and other factors could cause results to differ materially from those expressed in the estimates made by the independent parties and by us.

104

USE OF PROCEEDS

We will receive no proceeds from the sale of the Resale Shares or the Private Warrants by the Selling Securityholders. The Selling
Securityholders will pay any underwriting discounts, selling commissions or transfer taxes incurred in disposing of the Resale Shares and the expenses of any attorney or other advisor they decide to employ. We will bear all other costs, fees and
expenses incurred in effecting the registration of the Resale Shares and the Private Warrants covered by this prospectus. These may include, without limitation, all registration, filing, stock exchange fees, printing expenses, all fees and expenses
of complying with applicable securities laws and the fees and disbursements of our counsel and of our independent accountants and