NOTE 18 - SUBSEQUENT EVENTS:

In connection with Note 4, On April 19, 2026, the Company extended the maturity date of Tranche A Note to June 15, 2026. Under the updated terms: (i) $1,000 is to be paid on April 30, 2026 (in addition to the Tranche A Note); (ii) $10,000 is to be paid on May 15, 2026, of which the amount will first be applied against the April 1, 2026 amortization amount related to Tranche B Note, with the remaining amount applied against Tranche A Note; and (iii) the remaining balance will be paid on or before June 15, 2026. Under the amendment, Scilex may elect to satisfy the obligation through the delivery of shares of Datavault, Inc. (“Datavault”) (Nasdaq: DVLT).

On May 8, 2026, the company received 7,000,000 shares of Datavault, which the Company continues to hold as of May 19, 2026.

Subsequent to March 31, 2026 and through May 19, 2026, the Company sold 143,423 shares of Pelthos common stock for aggregate proceeds of $3,451. Following these sales, the Company no longer holds any shares of Pelthos common stock.

Subsequent to March 31, 2026 and through May 19, 2026, the Company purchased an additional 1,336,565 ordinary shares of Nano for an aggregate purchase price of $2,288 and, in connection with the May 15, 2026 expiration of previously disclosed options, sold 1,325,000 shares for $2,650, with the remaining options extended.

Following these transactions, the Company holds an aggregate of 10,579,708 ordinary shares of Nano as of May 19, 2026.

On April 15, 2026, the Company invested $2,500 in a junior participation interest in a senior secured construction loan to 83 Wythe LLC, pursuant to a Junior Participation Agreement with 83 Wythe Senior Investors, L.P. The Company is entitled to a 9% preferred annual return on its invested capital. The Company is obligated to fund its pro rata share of future construction advances. The loan matures on October 15, 2028, with extension options through October 15, 2029.

On May 13, 2026, the Company invested $3,000 in a participation interest in a senior secured mortgage loan to Warren at Bay LLC, pursuant to a Participation Agreement with A&P Senior Investors, L.P. The Company is entitled to (i) an 8% per annum interest coupon, payable quarterly in arrears from a dedicated reserve account, and (ii) an additional 4% per annum interest promote, which accrues and compounds annually and is payable in kind upon repayment in full of the loan. The loan matures on May 13, 2029, with extension options through May 13, 2031.