Scorpius Holdings, Inc.: debt financing — Scorpius Holdings issues $600K promissory note and engages A.G.P. for strategic alternatives

Scorpius Holdings, Inc.

Issued $600K non-convertible promissory note to institutional investor, 5% interest, matures May 15, 2025 or upon corporate event.
Note includes 5% premium payment on principal and customary events of default; holder may require redemption from subsequent financing proceeds.
Engaged Alliance Global Partners to explore strategic alternatives to maximize shareholder value; no assurance of transaction.
Company is an integrated CDMO focused on biologics development and manufacturing for pharma and biotech clients.

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 senior notes of $600,000 at 5.0% maturing the earlier of: (i) May 15, 2025; (ii) the consummation of a Corporate Event (as such term is defined in the Note); or (iii) when, upon or after the occurrence.

Instrument: senior notes
Principal: $600,000
Rate: 5.0%
Maturity: the earlier of: (i) May 15, 2025; (ii) the consummation of a Corporate Event (as such term is defined in the Note); or (iii) when, upon or after the occurrence
Event: incurrence

Exact text from the filing

On February 26, 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").

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Source: SEC EDGAR

accession 0001079973-25-000326

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