Scorpius Holdings, Inc.: debt financing — Scorpius Holdings issues $1M promissory note at 5% due April 30, 2025

Scorpius Holdings, Inc.

Non-convertible note in principal of $1M with 5% annual interest.
Matures on April 30, 2025, or earlier on corporate event or default.
5% premium payment on principal due at maturity or prepayment.
Holder may require redemption from proceeds of subsequent financing at its discretion.
Customary defaults include failure to pay >$150k debt to third parties.

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 $1,000,000 at 5.0% maturing April 30, 2025.

Instrument: loan
Principal: $1,000,000
Rate: 5.0%
Maturity: April 30, 2025
Event: incurrence

Exact text from the filing

On February 12, 2025, Scorpius Holdings, Inc., a Delaware corporation (the “Company”), issued a non-convertible promissory note (the “Note”) in the principal amount of One Million Dollars ($1,000,000) to an institutional investor (the “Holder”).

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Source: SEC EDGAR

accession 0001079973-25-000197

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