debt
confidence high
sentiment neutral
materiality 0.20
Scorpius Holdings issues $130K promissory note at 5% interest due July 31, 2025
Scorpius Holdings, Inc.
- Principal of $130,000 issued to institutional investor; interest at 5% per annum.
- Matures on earlier of July 31, 2025, Corporate Event, or upon default.
- Default triggers include failure to pay over $150k to third parties or default on other notes.
- Holder can require redemption from up to 100% of proceeds of any subsequent Financing.
- Note sold in unregistered offering under Section 4(a)(2) and/or Regulation D.
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