Company: SCLXW
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001193125-25-115095
Chunk: 525

Company: Scilex Holding Co
Filing Date: 2025-05-07
Form: POS AM
Chunk 525
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DO Common Warrant sold in the April 2024 RDO), will become exercisable on the six-monthanniversary of the date of issuance and expire five years from the commencement of sales in the April 2024 RDO. The Company accounted for the April 2024 RDO Common Warrants as a liability classified instrument (see Note 4) and the April 2024 RDO Placement Agent Warrants as an equity classified instrument. The April 2024 RDO Placement Agent Warrants are recognized in additional paid-incapital in the Company’s consolidated balance sheets. The issuance costs allocated to the equity component are recorded as the reduction of the offering proceeds and the amounts allocated to the liability component are expensed as incurred within the selling, general and administrative expenses in the Company’s consolidated statement of operations. The fair value of April 2024 RDO Placement Agent Warrants as of the date of issuance was $ 0.6million. As of December 31, 2024, there were 15,000,000April 2024 RDO Common Warrants and 1,200,000April 2024 RDO Placement Agent Warrants outstanding. December 2024 Registered Direct Offering On December 11, 2024, the Company entered into a securities purchase agreement (the “December 2024 RDO Purchase Agreement”) with the investors named therein, pursuant to which the Company agreed to sell and issue, in a registered direct offering (the “December 2024 RDO”): (i) an aggregate of 26,355,347shares of Common Stock, (ii) pre-fundedwarrants to purchase up to 2,401,132shares of Common Stock (the “December 2024 RDO Pre-FundedWarrants”) and (iii) common warrants to purchase up to 57,512,958shares of Common Stock (the “December 2024 RDO Common Warrants” and together with the December 2024 RDO Pre-FundedWarrants and the warrants issued to StockBlock pursuant to certain contractual obligations between the Company and StockBlock (the “StockBlock Warrants”), the “December 2024 RDO Warrants”). The combined offering price (a) per share of Common Stock and accompanying December 2024 RDO Common Warrants was $ 0.59and (b) per December 2024 RDO Pre-FundedWarrant and accompanying December 2024 RDO Common Warrants was $ 0.5899. The aggregate gross