Company: SCLXW
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001193125-25-115095
Chunk: 507

Company: Scilex Holding Co
Filing Date: 2025-05-07
Form: POS AM
Chunk 507
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 consolidated balance sheets. The fair value of the Fee Warrant as of the date of issuance was $ 0.3 million. In October 2024, the Fee Warrant was exercised by IVI. On September 17, 2024, the Company entered into the Satisfaction Agreement with FSF Lender and Endeavor, pursuant to which the remaining obligations in respect of the FSF Deposit shall be fully satisfied by the Company’s delivery of 28,000 cartons of ZTlido to Endeavor, which delivery shall occur no later than December 31, 2024. Upon satisfaction of such remaining obligations, the Commitment Letter shall be terminated and of no further force or effect and neither FSF Lender nor the Company shall have any further liability or obligations thereunder. In consideration of Endeavor assuming the payment obligation of the Company in respect of the FSF Deposit, Endeavor will not be responsible for making any payment to the Company for (i) the product already delivered as of the date of such agreement in an amount of approximately $ 13.2million and (ii) the Additional Product. Pursuant to the terms of the Satisfaction Agreement, if the Company fails to fully deliver the Additional Product by December 31, 2024, the Company shall be liable to Endeavor for liquidated damages in the amount of $ 20,000,000. In November 2024, the Company delivered the Additional Product to Endeavor and fully satisfied the remaining obligations in respect of the FSF Deposit. F-32

The following table provides a summary of the changes in the balance and the estimated fair value of the FSF Deposit (in thousands):

|                                                                       |     | December 31,2024 |         |   |
|:----------------------------------------------------------------------|:----|:-----------------|--------:|:--|
| Beginning Balance as of June 11, 2024                                 |     | $                |  10,000 |   |
| Change in fair value of FSF Deposit                                   |     |                  |   4,690 |   |
| Reclass of Deposit Warrant liability upon satisfaction of FSF Deposit |     |                  |  (1,690 | ) |
| Repayment of FSF Deposit                                              |     |                  | (13,000 | ) |
| Ending Balance as of December 31, 2024                                |     | $                |       — |   |

Tranche B Notes

On October 8, 2024, the Company entered into the