Company: SCLXW
Filing Date: 2025-12-29
Form Type: 424B3
Source: 0001193125-25-335429
Chunk: 478

Company: Scilex Holding Co
Filing Date: 2025-12-29
Form: 424B3
Chunk 478
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 the Warrant Inducement
Agreement, the Exercising Investor exercised (i) an April 2024 RDO Common Warrant issued to the Exercising Investor pursuant to the April 2024 RDO Purchase Agreement, which was exercisable for 428,572 shares and had an exercise price of $38.50
per share and (ii) a December 2024 RDO Common Warrant issued to the Exercising Investor pursuant to the December 2024 RDO Purchase Agreement,

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which was exercisable for 475,824 shares and had an exercise price of $22.72 per share. As consideration for the Exercise, we agreed to (A) reduce the exercise price of the foregoing
warrants exercised by the Exercising Investor to $22.51 per share and (B) issue to the Exercising Investor the November 2025 Investor Warrant.

The November 2025 Investor Warrant is exercisable immediately from the date of issuance and expires five years from the issuance date. The
exercise price of the November 2025 Investor Warrant of $29.00 per share is subject to adjustment for any stock split, stock dividend, stock combination, recapitalization or similar event, and is also subject to full-ratchet adjustment in connection
with a subsequent offering at a per share price less than the exercise price then in effect.

A holder shall not have the right to
exercise any portion of the November 2025 Investor Warrant to the extent that, after giving effect to such exercise, the holder (together with certain related parties) would beneficially own in excess of 4.99% of shares of 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 the Company.

In connection with the Exercise, we issued to StockBlock and its affiliate, Rodman & Renshaw LLC or their
respective designees, the November 2025 Placement Agent Warrants. The November 2025 Placement Agent Warrants have the same terms as the November 2025 Investor Warrant described above.

As of the date of this prospectus, the November 2025 Investor Warrant exercisable for an aggregate of 1,356,594 shares of Common Stock and
November 2025 Placement Agent Warrants exerc