Company: SCLXW
Filing Date: 2025-05-14
Form Type: 424B3
Source: 0001193125-25-119831
Chunk: 173

Company: Scilex Holding Co
Filing Date: 2025-05-14
Form: 424B3
Chunk 173
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 determined by the Board) shall be paid on such date to be
determined by subsequent resolutions of the Board, which payment date shall be within 60 days following the Record Date (i.e., by July 1, 2025) (such date as determined by the Board, the “Payment Date”) and shall be apportioned on a
pro rata basis among the Record Holders in accordance with each Record Holder’s ownership percentage of our Common Stock (assuming the full exercise of all Participating Warrants to purchase Common Stock held by the Record Warrant Holders, the
conversion of all Participating Notes held by the Record Note Holders and deemed conversion of all outstanding Series A Preferred Stock held by the Record Preferred Holder) as of the Record Date as set forth in the records of our transfer agent
(with respect to the Record Common Holders and Record Preferred Holder) and ours (with respect to the Record Warrant Holders and the Record Note Holders) as of the Record Date. As of the date of this prospectus, the Board has not yet set a Payment
Date for the Dividend and retains the right to revoke the Dividend and change the Record Date.

Should we decide in the future to do so,
as a holding company, our ability to pay dividends on our capital stock and meet other obligations depends upon the receipt of dividends or other payments from our operating subsidiaries. Further, our ability to pay dividends may be limited by
covenants of any existing and future outstanding indebtedness we or our subsidiaries incur.

107

SELECTED HISTORICAL FINANCIAL DATA On April 15, 2025, we effected a 1-for-35reverse stock split of our common stock. The following selected historical financial data was derived from our historical financial statements that are included elsewhere in this prospectus, and recasts certain portions of such financial statements to give effect to the Reverse Stock Split. No other changes to our historical financial statements were made in recasting the amounts set forth below.

| Consolidated Statements of Operations Data (in thousands, except shares) |     | Years Ended  
 December 31, 
 2024         
 (UNAUDITED)  |         |   |     | 2023 |          |   |
|:-------------------------------------------------------------------------|:----|:-------------|--------:|:--|:----|:-----|---------:|:--|
| Revenue                                                                  |     | $            |  56,590 |   |     | $    |