{"schema_version":"secwatch.filing_event.v1","accession":"0001079973-25-001174","form_type":"8-K","ticker":null,"cik":"0001476963","company_name":"Scorpius Holdings, Inc.","filed_at":"2025-07-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.069675+00:00","generated_at":"2026-05-18T03:19:45.856064+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Scorpius Holdings amends convertible note to lower conversion price; issues $485K note","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001079973-25-001174","json":"https://secwatch.observer/filing/0001079973-25-001174.json","markdown":"https://secwatch.observer/filing/0001079973-25-001174.md","text":"https://secwatch.observer/filing/0001079973-25-001174.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1476963/000107997325001174/0001079973-25-001174-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1476963/000107997325001174/scpx_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T03:19:45.856064+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8ed315679007d2351a97991e338eead115df727f","claim":"Scorpius Holdings, Inc. incurred loan of $485,000 with an institutional investor at 5.0% per annum maturing the earlier of: (i) August 31, 2025; (ii) the consummation of a Corporate Event (as such term is defined in the Note); or (iii) when, upon or after the occurren.","evidence_excerpt":"the Company also issued a non-convertible promissory note (the “Note”) in the principal amount of Four Hundred Eighty-Five Thousand Dollars ($485,000) to an institutional investor (the “Holder”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1476963/000107997325001174/0001079973-25-001174-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$485,000"},{"label":"Counterparty","value":"an institutional investor"},{"label":"Rate","value":"5.0% per annum"},{"label":"Maturity","value":"the earlier of: (i) August 31, 2025; (ii) the consummation of a Corporate Event (as such term is defined in the Note); or (iii) when, upon or after the occurren"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}