Company: SCLXW
Filing Date: 2025-05-14
Form Type: 424B3
Source: 0001193125-25-119846
Chunk: 427

Company: Scilex Holding Co
Filing Date: 2025-05-14
Form: 424B3
Chunk 427
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 the Non-U.S. Holder’s adjusted tax basis in its shares of our Common Stock and, to the extent such
distribution exceeds the Non-U.S. Holder’s adjusted tax basis, as gain realized from the sale or other disposition of the Common Stock, which will be treated as described under “Non-U.S.Holders — Gain on Sale, Taxable

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Exchange or Other Taxable Disposition of Common Stock and SPAC Warrants” below.In addition, if we determine that we are likely to be classified as a “United States real property holding corporation” (subject to the third bullet below in “ Non-U.S. Holders — Gain or Loss on Sale, Taxable Exchange or Other Taxable Disposition of Common Stock and SPAC Warrants” below), we will withhold 15% of any distribution that exceeds our current and accumulated earnings and profits. Dividends we pay to a Non-U.S. Holderthat are effectively connected with such Non-U.S. Holder’sconduct of a trade or business within the United States (or if a tax treaty applies are attributable to a U.S. permanent establishment or fixed base maintained by the Non-U.S. Holder)will generally not be subject to U.S. withholding tax, provided such Non-U.S. Holdercomplies with certain certification and disclosure requirements (generally by providing an IRS Form W-8ECI).Instead, such dividends generally will be subject to U.S. federal income tax, net of certain deductions, at the same graduated individual or corporate rates applicable to U.S. Holders. If the Non-U.S. Holderis a corporation, dividends that are effectively connected income may also be subject to a “branch profits tax” at a rate of 30% (or such lower rate as may be specified by an applicable income tax treaty). Exercise of a SPAC Warrant The U.S. federal income tax treatment of a Non-U.S. Holder’sexercise of a SPAC Warrant will generally correspond to the U.S. federal income tax treatment of the exercise of a SPAC Warrant by a U.S. Holder, as described under “ U.S. Holders — Exercise of a SPAC Warrant” above, although to the extent a cashless exercise results in a taxable exchange, the tax consequences to the Non-U.S. Holderwould be the same as those described below in “ Non-U.S. Holders — Gain on Sale, Exchange or Other Taxable Disposition of Common Stock and SPAC Warrants.” Gain or Loss on Sale,