secwatch.observer — SEC 8-K summary
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Issuer:     Scorpius Holdings, Inc. (—)
CIK:        0001476963
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001079973-25-000741
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476963/000107997325000741/0001079973-25-000741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476963/000107997325000741/scpx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-25-000741

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