Scorpius Holdings amends convertible note to lower conversion price; issues $485K note

Scorpius Holdings, Inc.

Conversion price set to lower of $0.06 or 55% of avg 3 lowest trading prices over 20 days.
Removed stockholder approval requirement and $2.7M conversion cap on existing $12.4M note.
Company lacks sufficient authorized shares; full conversion at current price would issue ~345M shares.
Issued $485,000 non-convertible promissory note at 5% interest, maturing by Aug 31, 2025, with 5% prepayment premium.

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