Scorpius Holdings prices $1.5M public offering of 10M shares at $0.15 per share

Scorpius Holdings, Inc.

Public offering of 10,000,000 shares at $0.15 per share for gross proceeds of $1.5 million.
Underwriting agreement with ThinkEquity as sole book-runner; closing expected March 12, 2024.
Proceeds to be used for working capital and general corporate purposes.
Lock-up: Company 30-day, officers/directors 90-day on further share sales.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Scorpius Holdings, Inc. entered into Underwriting Agreement with ThinkEquity, LLC valued at $1.5 million (effective 2024-03-07).

Action: entry
Agreement: underwriting
Counterparty: ThinkEquity, LLC
Value: $1.5 million
Effective: 2024-03-07

Exact text from the filing

On March 7, 2024, Scorpius Holdings, Inc. (the “Company”) entered into an Underwriting Agreement (the “Agreement”) with ThinkEquity, LLC, as representative of the several underwriters named therein (the “Underwriters”), pursuant to which the Company agreed to issue and sell (the “Offering”) 10,000,000 shares (the “Shares”) of its common stock (the “Common Stock”), par value $0.0002 per share, at a price of $0.15 per share.

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Source: SEC EDGAR

accession 0001079973-24-000359

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