SCLX · Scilex Holding Co · Executive Compensation
Substantial doubt about the company's ability to continue as a going concern.
“management has concluded that the aforementioned conditions, among other things, raise substantial doubt about the Company's ability to continue as a going concern for one year after the date the unaudited condensed consolidated financial statements are issued.”View the 10-Q filed Aug 14, 2026
4 customers — 96% of revenue (the three months ended June 30, 2026)
“The Company had four customers during the three and six months ended June 30, 2026, each of which individually generated 10% or more of the Company’s total revenue. These customers accounted for 96% and 95% of the Company’s revenue for the three and six months ended June 30, 2026, respectively, individually ranging from 22% to 27% and 19% to 27%.”
4 customers — 95% of revenue (the six months ended June 30, 2026)
“The Company had four customers during the three and six months ended June 30, 2026, each of which individually generated 10% or more of the Company’s total revenue. These customers accounted for 96% and 95% of the Company’s revenue for the three and six months ended June 30, 2026, respectively, individually ranging from 22% to 27% and 19% to 27%.”
4 customers — 80% of receivables (As of June 30, 2026)
“As of each of June 30, 2026 and 2025, these customers represented 80% and 99% of the Company’s outstanding accounts receivable, individually ranging between 16% and 37%, and 19% and 30% for respective periods.”
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
| Executive | Role | Total |
|---|---|---|
| Henry Ji | Chief Executive Officer, President and Executive Chairperson | $3,069,495 |
| Stephen Ma | Chief Financial Officer, Chief Operating Officer, Senior Vice President and Secretary | $1,465,549 |
| Jaisim Shah | Former Chief Executive Officer, President and Director | $1,271,044 |
| Executive | Role | Total |
|---|---|---|
| Jaisim Shah | Chief Executive Officer, President and Director | $1,266,574 |
| Henry Ji | Executive Chairperson | $1,261,651 |
| Stephen Ma | Chief Financial Officer, Senior Vice President, Secretary and Director | $613,821 |
| Executive | Role | Total |
|---|---|---|
| Henry Ji | Executive Chairperson | $33,919,750 |
| Jaisim Shah | Chief Executive Officer, President and Director | $7,373,977 |
| Stephen Ma | Chief Financial Officer, Senior Vice President, Secretary and Director | $1,900,705 |
| Elizabeth A. Czerepak | Former Executive Vice President, Chief Business Officer, Chief Financial Officer andSecretary | $1,503,278 |
| Executive | Role | Total |
|---|---|---|
| Jaisim Shah | Chief Executive Officer, President and Director | $785,733 |
| Henry Ji | Executive Chairperson | $626,548 |
| Elizabeth A. Czerepak | Former Executive Vice President, Chief Business Officer, Chief Financial Officer andSecretary | $222,917 |
| Executive | Role | Total |
|---|---|---|
| Jaisim Shah | Chief Executive Officer, President and Director | $881,389 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Stephen Ma | Chief Operating Officer | Appointed | 2025-10-07 |
| Stephen Ma | director | Appointed | 2025-09-26 |
| Jaisim Shah | director | Resigned | 2025-09-26 |
| Annu Navani | director | Resigned | 2025-09-26 |
| Henry Ji | Chief Executive Officer and President | Appointed | 2025-08-21 |
| Jaisim Shah | Chief Executive Officer and President | Resigned | 2025-08-21 |
| David Lemus | Non-Executive Director | Resigned | 2024-11-29 |