| Schedule of the reconciliation of basic and diluted loss per share |
The following table sets forth the reconciliation of basic and diluted loss per share for the three and six months ended June 30, 2025 and 2024 (in thousands except per share data):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Net loss attributable to Scilex Holding Company |
|
$ |
(42,308 |
) |
|
$ |
(37,582 |
) |
|
$ |
(68,388 |
) |
|
$ |
(61,959 |
) |
Deemed dividend for anti-dilution adjustments to Penny Warrants upon Reverse Stock Split |
|
|
(43,753 |
) |
|
|
— |
|
|
|
(43,753 |
) |
|
|
— |
|
Net loss for basic and diluted loss per share attributable to common stockholders |
|
$ |
(86,061 |
) |
|
$ |
(37,582 |
) |
|
$ |
(112,141 |
) |
|
$ |
(61,959 |
) |
Weighted average number of shares outstanding |
|
|
5,095 |
|
|
|
3,232 |
|
|
|
5,080 |
|
|
|
3,014 |
|
Weighted average common stock warrants exercisable for nominal consideration |
|
|
6,500 |
|
|
|
1,669 |
|
|
|
6,500 |
|
|
|
985 |
|
Weighted average number of shares, basic and diluted |
|
|
11,595 |
|
|
|
4,901 |
|
|
|
11,580 |
|
|
|
3,999 |
|
Loss per share |
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted |
|
$ |
(7.42 |
) |
|
$ |
(7.67 |
) |
|
$ |
(9.68 |
) |
|
$ |
(15.49 |
) |
|
| Schedule of potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share |
The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
June 30, |
|
|
|
2025 |
|
|
2024 |
|
Stock options |
|
|
1,009,938 |
|
|
|
981,933 |
|
Retainer Shares |
|
|
399,999 |
|
|
|
114,285 |
|
Shares issuable under Tranche B Notes |
|
|
914,822 |
|
|
|
— |
|
Public Warrants |
|
|
156,220 |
|
|
|
195,837 |
|
Private Warrants |
|
|
28,572 |
|
|
|
103,239 |
|
Shares issuable under ESPP |
|
|
21,713 |
|
|
|
3,335 |
|
Shares issuable under the SIPA |
|
|
8,571 |
|
|
|
— |
|
February 2024 BDO Firm Warrants |
|
|
108,686 |
|
|
|
166,612 |
|
February 2024 BDO Representative Warrants |
|
|
13,446 |
|
|
|
13,446 |
|
April 2024 RDO Common Warrants |
|
|
428,572 |
|
|
|
428,572 |
|
April 2024 RDO Placement Agent Warrants |
|
|
34,286 |
|
|
|
34,286 |
|
Deposit Warrants |
|
|
3,250,000 |
|
|
|
3,250,000 |
|
October 2024 Noteholder Warrants |
|
|
214,284 |
|
|
|
— |
|
October 2024 Placement Agent Warrants |
|
|
104,848 |
|
|
|
— |
|
December 2024 RDO Common Warrants |
|
|
1,642,871 |
|
|
|
— |
|
StockBlock Warrants |
|
|
131,472 |
|
|
|
— |
|
Total |
|
|
8,468,300 |
|
|
|
5,291,545 |
|
|