Scorpius Holdings, Inc.: debt financing — Scorpius Holdings issues $490k promissory note at 5% interest, matures Sept 30, 2025

Scorpius Holdings, Inc.

Principal $490,000; interest 5% per annum; maturity on earlier of Sept 30, 2025, Corporate Event, or default.
Note includes a 5% premium on principal payable upon maturity, redemption, or prepayment.
Holder may require redemption using up to 100% of gross proceeds from any subsequent Financing while note is outstanding.
Events of default include company or subsidiaries failing to pay >$150k debt to third parties, subject to exceptions.
Note sold under Section 4(a)(2) of Securities Act and Regulation D, unregistered.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Scorpius Holdings, Inc. incurred loan of $490,000 with an institutional investor at 5.0% per annum maturing the earlier of: (i) September 30, 2025; (ii) the consummation of a Corporate Event; or (iii) when, upon or after the occurrence of an event of default.

Instrument: loan
Principal: $490,000
Counterparty: an institutional investor
Rate: 5.0% per annum
Maturity: the earlier of: (i) September 30, 2025; (ii) the consummation of a Corporate Event; or (iii) when, upon or after the occurrence of an event of default
Event: incurrence

Exact text from the filing

On July 25, 2025, the Company also issued a non-convertible promissory note (the “Note”) in the principal amount of Four Hundred Ninety Thousand Dollars ($490,000) to an institutional investor (the “Holder”).

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Source: SEC EDGAR

accession 0001079973-25-001195

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