secwatch.observer — SEC 8-K summary
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Issuer:     Scorpius Holdings, Inc. (—)
CIK:        0001476963
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0001079973-25-000177
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476963/000107997325000177/0001079973-25-000177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476963/000107997325000177/scpx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-25-000177

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