secwatch.observer — SEC 8-K summary
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Issuer:     Scorpius Holdings, Inc. (—)
CIK:        0001476963
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0001079973-25-000197
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scorpius Holdings issues $1M promissory note at 5% due April 30, 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476963/000107997325000197/0001079973-25-000197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476963/000107997325000197/scpx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-25-000197

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