---
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"
generated_at: "2026-05-18T03:19:45.856064+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001079973-25-001174
- form_type: 8-K
- cik: 0001476963
- company_name: Scorpius Holdings, Inc.
- filed_at: 2025-07-23T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-25-001174
- JSON: https://secwatch.observer/filing/0001079973-25-001174.json
- Plain text: https://secwatch.observer/filing/0001079973-25-001174.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $485,000
  - Counterparty: an institutional investor
  - Rate: 5.0% per annum
  - Maturity: 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
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1476963/000107997325001174/0001079973-25-001174-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.