Company: SCLXW
Filing Date: 2025-08-04
Form Type: S-1
Source: 0001193125-25-172703
Chunk: 554

Company: Scilex Holding Co
Filing Date: 2025-08-04
Form: S-1
Chunk 554
---
 the Sales Agents as part of the ATM Offering. The Company had no obligation to sell any shares of Common Stock under the ATM Sales Agreement and could suspend offers thereunder at any time. During the three months ended March 31, 2025, nosales of Common Stock had been made under the ATM Sales Agreement. During the three months ended March 31, 2024, the Company sold 2,637shares of Common Stock pursuant to the ATM Sales Agreement for net proceeds of approximately $ 0.1million. On June 11, 2024, the Company entered into that certain Commitment Side Letter (the “Commitment Letter”) with FSF 33433 LLC (“FSF Lender”), pursuant to which FSF Lender committed to provide the Company a loan (the “FSF Loan”) in the aggregate amount of $ 100.0million (the “Commitment Amount”). The Commitment Amount shall be payable as follows: (i) $ 85.0million no later than the date that is 70days following the date on which the Company receives the FSF Deposit (as defined below) (the “Outside Date” and the funding of the initial $ 85.0million, the “Initial Closing”) and (ii) the remaining $ 15.0million within 60days following the F-66 Initial Closing (the funding of the second $ 15.0million, the “Second Closing”). Pursuant to the Commitment Letter, FSF Lender was required to provide the Company a non-refundabledeposit in immediately available funds in the aggregate principal amount of $ 10.0million (the “FSF Deposit” and the date on which such funds are fully received, the “Deposit Date”), which amount was creditable towards the $ 85.0million required to be funded by FSF Lender at the Initial Closing. The Company received the FSF Deposit on June 18, 2024 and issued to FSF Lender a warrant to purchase up to an aggregate of 3,250,000shares of the Common Stock (subject to adjustment for any stock dividend, stock split or similar transaction, provided that there shall not be any adjustment to the exercise price of the warrant in the event the Company combines (by combination, reverse stock split or otherwise) its Common Stock into a smaller number of shares) (the “Deposit Warrant”), with an exercise price of $ 1.20per share. The Deposit Warrant is immediately exercisable and