{"schema_version":"secwatch.filing_event.v1","accession":"0001079973-24-000635","form_type":"8-K","ticker":null,"cik":"0001476963","company_name":"Scorpius Holdings, Inc.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.581585+00:00","generated_at":"2026-06-03T00:18:26.212122+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Scorpius Holdings secures $750K loan from CEO-controlled entity; restructures $2.25M convertible note","bullets":["New $750,000 1% promissory note due July 1, 2024 from Elusys Holdings (controlled by CEO Jeffrey Wolf).","Prior $2,250,000 convertible note amended and restated; maturity extended to September 1, 2025.","Conversion price set at 110% of VWAP ($0.39109), subject to adjustment if public financing within 60 days.","Transaction is a related-party deal; securities sold under Section 4(a)(2)/506(b) and Section 3(a)(9)."],"urls":{"canonical":"https://secwatch.observer/filing/0001079973-24-000635","json":"https://secwatch.observer/filing/0001079973-24-000635.json","markdown":"https://secwatch.observer/filing/0001079973-24-000635.md","text":"https://secwatch.observer/filing/0001079973-24-000635.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1476963/000107997324000635/0001079973-24-000635-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1476963/000107997324000635/scpx_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:18:26.212122+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c5aa415664217db11d853288fbc2f0b4c03b3ccf","claim":"Scorpius Holdings, Inc. incurred loan of $750,000 with Elusys Holdings Inc. at 1% maturing July 1, 2024.","evidence_excerpt":"the Buyer agreed to loan the Company $750,000 and the Company agreed to sell to the Buyer a 1% non-convertible promissory note due July 1, 2024 in the principal amount of $750,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1476963/000107997324000635/0001079973-24-000635-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$750,000"},{"label":"Counterparty","value":"Elusys Holdings Inc."},{"label":"Rate","value":"1%"},{"label":"Maturity","value":"July 1, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"cbca93c75213a4f7edbb40a68ab24766fc9e4c35","claim":"Scorpius Holdings, Inc. amended convertible notes of $2,250,000 with Elusys Holdings Inc. at 1% maturing September 1, 2025.","evidence_excerpt":"agreed to issue to Buyer an amended and restated 1% convertible promissory note in the principal amount of $2,250,000 (the “Restated Note”) in exchange for that certain prior 1% convertible promissory note, dated January 26, 2024, issued to Buyer in the principal amount of $2,250,000 to amend Section 2(b) thereof relating to certain adjustments in the conversion price and extend its maturity date to September 1, 2025","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1476963/000107997324000635/0001079973-24-000635-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$2,250,000"},{"label":"Counterparty","value":"Elusys Holdings Inc."},{"label":"Rate","value":"1%"},{"label":"Maturity","value":"September 1, 2025"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"299fff0822c718b4d0e08badfef73f1d60ba9232","claim":"Scorpius Holdings, Inc. entered into Note Purchase Agreement with Elusys Holdings Inc. valued at $750,000 (effective 2024-05-01).","evidence_excerpt":"On May 1, 2024, Scorpius Holdings, Inc. (the “Company”) entered into a Note Purchase Agreement (the “Purchase Agreement”) with Elusys Holdings Inc., a Delaware corporation (“Buyer”), which is a company controlled by the Company’s Chairman, Chief Executive Officer and President, Jeffrey Wolf, pursuant to which the Buyer agreed to loan the Company $750,000 and the Company agreed to sell to the Buyer a 1% non-convertible promissory note due July 1, 2024 in the principal amount of $750,000 (the “Note”) for $750,000 in cash","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1476963/000107997324000635/0001079973-24-000635-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Elusys Holdings Inc."},{"label":"Value","value":"$750,000"},{"label":"Effective","value":"2024-05-01"}],"fact_type":"material_agreement"},{"claim_id":"6eeff2ef38a88f5b4fc78677ef39de72408d8e7e","claim":"Scorpius Holdings, Inc. amended Restated Note with Elusys Holdings Inc. valued at $2,250,000 (effective 2024-05-01).","evidence_excerpt":"agreed to issue to Buyer an amended and restated 1% convertible promissory note in the principal amount of $2,250,000 (the “Restated Note”) in exchange for that certain prior 1% convertible promissory note, dated January 26, 2024, issued to Buyer in the principal amount of $2,250,000 to amend Section 2(b) thereof relating to certain adjustments in the conversion price and extend its maturity date to September 1, 2025","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1476963/000107997324000635/0001079973-24-000635-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Elusys Holdings Inc."},{"label":"Value","value":"$2,250,000"},{"label":"Effective","value":"2024-05-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}