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.

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