secwatch.observer — SEC 8-K summary
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Issuer:     Scorpius Holdings, Inc. (—)
CIK:        0001476963
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001079973-24-000767
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scorpius Holdings closes $6M offering of 60M units and pre-funded units with warrants
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- Gross proceeds of ~$6M from offering of 60M units (common/pre-funded) at $0.10 per unit.
- Each unit includes one common (or pre-funded warrant) + one common warrant exercisable at $0.12 for 5 years.
- Net proceeds used for working capital and repayment of $750K promissory note.
- Underwriters granted 45-day over-allotment option for up to 9M additional shares/warrants.
- 90-day insider lock-up; ThinkEquity gets 8-month right of first refusal on future offerings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476963/000107997324000767/0001079973-24-000767-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476963/000107997324000767/scpx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-24-000767

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