Company: SCLXW
Filing Date: 2025-07-23
Form Type: 424B3
Source: 0001193125-25-163077
Chunk: 93

Company: Scilex Holding Co
Filing Date: 2025-07-23
Form: 424B3
Chunk 93
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x) $3,000,000 by (y) the VWAP on the
Trading Market (or an Eligible Market, as applicable) on the Trading Day immediately preceding the applicable VWAP Purchase Exercise Date for such VWAP Purchase (in each case to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction during the applicable period).

“VWAP Purchase Notice” means, with respect to a VWAP Purchase made pursuant to
, an irrevocable written notice delivered by the Company to the Investor on a VWAP Purchase Exercise Date directing the Investor to purchase a VWAP Purchase Share Amount (such specified VWAP Purchase Share Amount
subject to adjustment as set forth in as necessary to give effect to the VWAP Purchase Maximum Amount), at the applicable VWAP Purchase Price therefor in accordance with this Agreement.

“VWAP Purchase Price” means, with respect to a VWAP Purchase made pursuant to
, the purchase price per Share to be purchased by the Investor, which shall equal (a) ninety-six percent (96%) of the lowest daily VWAP during the One-Day VWAP Purchase Valuation Period for such VWAP Purchase, if the Company elects, in its sole discretion and as set forth in the VWAP Purchase Notice, to use the One-Day
VWAP Purchase Valuation Period to determine the VWAP Purchase Price, or (b) ninety-seven percent (97%) of the lowest daily VWAP during the Three-Day VWAP Purchase Valuation Period for such VWAP Purchase,
if the Company elects, in its sole discretion and as set forth in the VWAP Purchase Notice, to use the Three-Day VWAP Purchase Valuation Period to determine the VWAP Purchase Price, in each case to be
appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction.

“VWAP Purchase Share Amount” means, with respect to a VWAP Purchase made pursuant to
, the number of Shares to be purchased by the Investor in such VWAP Purchase as specified by the Company in the applicable VWAP Purchase Notice, which number of Shares shall not exceed the applicable VWAP
Purchase Maximum Amount.

“VWAP Purchase Termination Time” means, with respect to a VWAP Purchase made
pursuant to , 4:00 p.m., New York City time, on (a) the first (1st) Trading Day