secwatch.observer — SEC 8-K summary
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Issuer:     Scorpius Holdings, Inc. (—)
CIK:        0001476963
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001079973-24-000635
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scorpius Holdings secures $750K loan from CEO-controlled entity; restructures $2.25M convertible note
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476963/000107997324000635/0001079973-24-000635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476963/000107997324000635/scpx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-24-000635

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer