Scilex Holding Company ("Scilex" or the "Company") (NASDAQ:SCLX), an innovative revenue-generating company focused on acquiring, developing, and commercializing non-opioid pain management products for the treatment of acute and chronic pain and neurodegenerative and cardiometabolic disease, today announced that its Board of Directors (the "Scilex Board") approved a dividend of Dream Bowl I Meme Coin Tokens held by the Company (the "Dream Bowl Tokens") to its stockholders and certain other eligible equityholders of Scilex (collectively, the "Participating Holders"). The record date for the Dividend is April 30, 2026 (the "Record Date").

The Participating Holders as of the Record Date will be entitled to receive five (5) Dream Bowl Tokens for each share of Scilex common stock held (or for each share of common stock issuable or deemed issuable upon exercise or conversion of such other eligible securities). Scilex currently holds approximately 268 million Dream Bowl Tokens and plans to distribute approximately 81.4 million of such Dream Bowl Tokens to the Participating Holders.

The Record Date for the dividend may be changed by the Scilex Board for any reason at any time prior to the actual payment date, and payment of the dividend is conditioned upon the Scilex Board having not revoked the dividend prior to the payment date, including for a material change to the solvency or surplus analysis presented to the Scilex Board. Subject to the right of the Scilex Board to change the Record Date, the payment date for the dividend will be determined by subsequent resolutions of the Scilex Board, which payment date will be within 60 days following the Record Date (the "Payment Date").

It is anticipated that in order to receive the Dream Bowl Tokens, the Participating Holders will be required to open a digital wallet with Datavault AI Inc. ("Datavault") and execute an Opt-In Agreement, pursuant to which such holders will agree, among other things, to the payment conditions set forth therein, and acknowledge that such holders understand the process for receiving the Dream Bowl Tokens, that the Scilex Board can change the Record Date or Payment Date or revoke the distribution prior to the Payment Date, and that the Dream Bowl Tokens may not have or maintain any value.

The Company will provide further instructions regarding wallet setup, token access, and distribution process in a subsequent communication prior to the Payment Date to ensure that all eligible Participating Holders can properly claim and view their tokens.

Scilex intends to list the Dream Bowl Tokens on the Biconomy exchange ("Biconomy" – biconomy.com), a global centralized cryptocurrency exchange at a later date. Scilex believes that such listing may deliver liquidity and allow for broad distribution of such tokens for the Participating Holders.

The Dream Bowl Token is a digital collectible intended solely for personal, non-commercial use. The Dream Bowl Token does not in and of itself: (i) represent or confer any equity, voting, dividend, profit-sharing, or ownership rights in Scilex or any other entity (including Datavault); (ii) provide any right to receive monetary payments, distributions, or appreciation; or (iii) create any expectation of profit or reliance on the managerial or entrepreneurial efforts of Scilex or others. The Dream Bowl Token is not designed or intended to function as an investment, currency, or financial product, and it is not being offered, sold, or distributed for fundraising or capital-raising purposes. Use of the Dream Bowl Token is limited to entertainment, event-access, and digital-collectible functions. Any transferability features are provided solely to support personal digital item portability and not to facilitate or imply investment or speculative use.