---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-25-000741"
form_type: "8-K"
ticker: null
cik: "0001476963"
company_name: "Scorpius Holdings, Inc."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T17:08:01.806520+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Scorpius Holdings cuts note conversion price to $0.06, triggering massive potential dilution

## Summary
- Conversion price of $12.4M 9% senior secured convertible note reduced from $0.25 to $0.06 per share.
- Full principal conversion would yield 206.9M shares; plus 34.2M shares if interest/make-whole converted.
- Company must seek stockholder approval to increase authorized shares or effect reverse split for full conversion.
- Until approval, only $2.7M of principal can be converted, limiting near-term dilution.
- Warrant exercise price also cut to $0.06; warrant shares unchanged at 12.4M shares.

## SEC filing metadata
- accession: 0001079973-25-000741
- form_type: 8-K
- cik: 0001476963
- company_name: Scorpius Holdings, Inc.
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476963/000107997325000741/0001079973-25-000741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476963/000107997325000741/scpx_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-25-000741
- JSON: https://secwatch.observer/filing/0001079973-25-000741.json
- Plain text: https://secwatch.observer/filing/0001079973-25-000741.txt

## Key facts
- Debt Financings
  Scorpius Holdings, Inc. amended senior notes of aggregate original principal amount of $12,416,667 with institutional investor at 9%.
  - Instrument: senior notes
  - Principal: aggregate original principal amount of $12,416,667
  - Counterparty: institutional investor
  - Rate: 9%
  - Event: amendment
  source text: (the “Note Amendment”) with an institutional investor (the “Investor”) to amend the 9% senior secured convertible note (the “Note”) in the aggregate original principal amount of $12,416,667 that the Company issued to the Investor on December 6, 2024, as amended on February 13, 2025. Pursuant to the Note Amendment, the Company reduced the conversion price of the Notes
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476963/000107997325000741/0001079973-25-000741-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.