Scorpius Holdings, Inc.: debt financing — Scorpius Holdings issues $535,000 non-convertible promissory note at 5%, maturing July 31, 2025

Scorpius Holdings, Inc.

$535K note issued to institutional investor under Section 4(a)(2) and Reg D exemption.
5% annual interest, matures on July 31, 2025, or earlier upon Corporate Event or default.
Default triggers include failure to pay >$150K in other indebtedness.
If subsequent Financing occurs, holder may require redemption using up to 100% of proceeds.
Note is non-convertible; no equity dilution.

item 1.01 item 2.03 item 3.02 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 $535,000 with an institutional investor at 5.0% maturing July 31, 2025.

Instrument: loan
Principal: $535,000
Counterparty: an institutional investor
Rate: 5.0%
Maturity: July 31, 2025
Event: incurrence

Exact text from the filing

On May 30, 2025, Scorpius Holdings, Inc., a Delaware corporation (the “Company”), issued a non-convertible promissory note (the “Note”) in the principal amount of Five Hundred and Thirty-Five Thousand Dollars ($535,000) to an institutional investor (the “Holder”). The Note accrues interest at the rate of 5.0% per annum and matures on the earlier of: (i) July 31, 2025; (ii) the consummation of a Corporate Event (as such term is defined in the Note); or (iii) when, upon or after the occurrence of an event of default under the Note.

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Source: SEC EDGAR

accession 0001079973-25-000968

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