Company: SCLXW
Filing Date: 2025-12-29
Form Type: 424B3
Source: 0001193125-25-335429
Chunk: 197

Company: Scilex Holding Co
Filing Date: 2025-12-29
Form: 424B3
Chunk 197
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 shares of our Common Stock underlying the September 2025 Warrants, such warrants may be exercised on a cashless basis pursuant to
their terms.

Limitations on Exercise

A holder shall not have the right to exercise any portion of a September 2025 Warrant to the extent that, after giving effect to such
conversion, the holder (together with certain of its related parties) would beneficially own in excess of 4.99% of shares of our Common Stock outstanding immediately after giving effect to such exercise. Such maximum percentage may be raised or
lowered to any other percentage not in excess of 9.99%, at the option of the holder, except that any increase will only be effective upon 61 days’ prior notice to us.

Exercise Period

The September 2025
Warrants were immediately exercisable upon issuance, and will be exercisable until the September 2025 Warrant expiration date of December 13, 2029.

Purchase and Distribution Rights

If we
(i) issue or sell Purchase Rights pro rata to the record holders of our common stock or (ii) declare or make any Distribution, then, in each case, a holder of September 2025 Warrants will, upon each exercise of a September 2025 Warrant, be
entitled to participate in such issuance or sale of Purchase Rights or Distribution, as

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applicable, to the same extent that the holder would have participated therein if the holder had held the number of shares of our Common Stock the holder acquired upon each such exercise
immediately before the date on which a record is taken for such issuance or sale of Purchase Rights or Distribution.

Fundamental Transactions

The September 2025 Warrants prohibit us from entering into specified fundamental transactions unless the successor entity (subject to certain
exceptions) assumes all of our obligations under the September 2025 Warrants under a written agreement before the transaction is completed and the successor entity is a publicly traded company.

Upon specified corporate events, a September 2025 Warrant Holder will thereafter have the right to receive upon an exercise such shares,
securities, cash, assets or any other property whatsoever which the holder would have been entitled to receive upon the happening of the applicable corporate event had the September 2025 Warrant been exercised immediately prior to the applicable
corporate event.

When there is a transaction involving specified changes of control, holders of September 2025 Warrants will have the
right to force us to repurchase such holder’s September 2025