Scorpius Holdings issues $425K non-convertible promissory note at 5% interest to institutional investor

Scorpius Holdings, Inc.

Principal $425,000 at 5% interest; matures August 31, 2025, or upon a Corporate Event or default.
Premium payment equal to 5% of principal due at maturity, redemption or prepayment.
Holder may require redemption using 100% of gross proceeds from any subsequent Financing.
Note issued under Section 4(a)(2) and/or Regulation D exemption from registration.

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