Company: SCLXW
Filing Date: 2025-11-24
Form Type: 424B3
Source: 0001193125-25-293877
Chunk: 7

Company: Scilex Holding Co
Filing Date: 2025-11-24
Form: 424B3
Chunk 7
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 forth in the New Warrants (as defined herein). The Company desires to reduce the Exercise Price of the Existing Warrants to $22.51 per share (the “ Reduced Exercise Price”). In consideration for exercising in full all of the Existing Warrants held by Holder as set forth on the Holder’s signature page hereto at the stated Exercise Price (the “ Warrant Exercise”) on or before the Execution Time (as defined below), the Company hereby offers to sell and issue you: (a) new unregistered Common Stock purchase warrants (the “ New Warrants”) pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “ Securities Act”), to purchase up to 1,356,594 shares of Common Stock (the “ New Warrant Shares”), which New Warrants shall have an exercise price per share equal to $29.00, subject to adjustment as provided in the New Warrants, will be exercisable at any time on or after the initial date of issuance following the date of issuance and expire five years from the Closing Date (as defined herein), provided that if such termination date is not a Trading Day, the immediately following Trading Day, which New Warrants shall be substantially in the form as set forth in Exhibit Ahereto; (b) the New Warrant certificate(s) will be delivered at Closing (as defined below), and such New Warrants, together with any underlying shares of Common Stock issued upon exercise of the New Warrants, will, unless and until registered, contain customary restrictive

legends and other language typical for an unregistered warrant and unregistered shares. Notwithstanding anything herein to the contrary, in the event that any Warrant Exercise of the Existing
Warrants would otherwise cause the Holder to exceed the beneficial ownership limitations (“”) set forth in Section 2(e) of the Existing Warrants (or, if applicable and at the Holder’s
election, 9.99%), the Company shall only issue such number of Warrant Shares to the Holder that would not cause the Holder to exceed the maximum number of Warrant Shares permitted thereunder, as directed by the Holder, with the balance to be held in
abeyance until notice from the Holder that the balance (or portion thereof) may be issued in compliance with such limitations, which abeyance shall be evidenced through the Existing Warrants which shall be deemed prepaid thereafter (including the
payment in full of the exercise price), and exercised pursuant to a Notice of Exercise in the Existing Warrants