Company: SCLXW
Filing Date: 2025-10-28
Form Type: PRE 14A
Source: 0001193125-25-253884
Chunk: 22

Company: Scilex Holding Co
Filing Date: 2025-10-28
Form: PRE 14A
Chunk 22
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FOR” THE OPTION REPRICING PROPOSAL. 14

PROPOSAL NO. 2:

APPROVAL OF THE ADJOURNMENT OF THE SPECIAL MEETING

Our stockholders are being asked to consider and vote upon the adjournment of the Special Meeting, if necessary, to solicit additional proxies if there are
not sufficient votes at the time of the Special Meeting to approve the Option Repricing Proposal.

In the Adjournment Proposal, we are asking you to
authorize the holder of any proxy solicited, and each of them individually, to vote in favor of a proposal to adjourn the Special Meeting, from time to time, to a later date or dates, for the purpose of soliciting additional proxies. If the
stockholders approve the Adjournment Proposal, we could adjourn the Special Meeting and use the additional time to solicit additional proxies, including the solicitation of proxies from stockholders that have previously voted.

Interests of Certain Persons in the Adjournment Proposal

We do not believe that our officers or directors have any interests in Proposal No. 2 that are different from or greater than those of any other of our
stockholders.

Vote Required

The approval of the
Adjournment Proposal requires the affirmative vote of a majority of the voting power of the issued and outstanding shares of our Common Stock and Series A Preferred Stock entitled to vote at the Special Meeting, present in person, or by remote
communication, if applicable, or represented by proxy. Abstentions will have the effect of a vote against this proposal, and broker non-votes will have no effect.

THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” THE ADJOURNMENT PROPOSAL.

15

EXECUTIVE COMPENSATION Overview To achieve our goals, we have designed, and intend to modify as necessary, our compensation and benefits programs to attract, retain, incentivize and reward deeply talented and qualified executives who share our philosophy and desire to work towards achieving our goals. We believe our compensation programs should promote the success of the Company and align executive incentives with the long-term interests of our stockholders. This section provides an overview of the material components of our executive compensation programs, including a narrative description of the material factors necessary to understand the information disclosed in the summary compensation table below. The following is a discussion and analysis of the material components of the compensation arrangements of Scilex’s named executive officers in 2024. As an “emerging growth company” as defined in