secwatch.observer — SEC 8-K summary
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Issuer:     Scorpius Holdings, Inc. (—)
CIK:        0001476963
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0001079973-25-001174
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476963/000107997325001174/0001079973-25-001174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476963/000107997325001174/scpx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-25-001174

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer