Scorpius Holdings, Inc.: debt financing — Scorpius Holdings issues $600K non-convertible note at 5% interest, maturing by March 31, 2025

Scorpius Holdings, Inc.

Issued $600,000 promissory note to an institutional investor; 5% annual interest.
Matures on March 31, 2025, or upon a corporate event or default, whichever is earliest.
Includes a 5% premium payment on principal upon maturity, redemption, or prepayment.
Holder may demand redemption using up to 100% of gross proceeds from any subsequent financing while note is outstanding.
Customary events of default include failure to pay debts exceeding $150,000 or default under other outstanding notes.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Scorpius Holdings, Inc. incurred loan of $600,000 at 5.0% per annum maturing March 31, 2025.

Instrument: loan
Principal: $600,000
Rate: 5.0% per annum
Maturity: March 31, 2025
Event: incurrence

Exact text from the filing

On January 30, 2025, Scorpius Holdings, Inc., a Delaware corporation (the “Company”), issued a non-convertible promissory note (the “Note”) in the principal amount of Six Hundred Thousand Dollars ($600,000) to an institutional investor (the “Holder”). The Note accrues interest at the rate of 5.0% per annum and matures on the earlier of: (i) March 31, 2025; (ii) the consummation of a Corporate Event (as such term is defined in the Note); or (iii) when, upon or after the occurrence of an event of default under the Note.

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001079973-25-000177

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.