secwatch.observer — SEC 8-K summary
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Issuer:     Scorpius Holdings, Inc. (—)
CIK:        0001476963
Form:       8-K
Filed at:   2025-06-03T23:59:59+00:00
Accession:  0001079973-25-000968
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476963/000107997325000968/0001079973-25-000968-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476963/000107997325000968/scpx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-25-000968

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer