debt
confidence high
sentiment neutral
materiality 0.55
Scorpius Holdings issues $471,000 promissory note at 5% interest, maturing Oct 31, 2025
Scorpius Holdings, Inc.
- Principal $471,000, 5% annual interest, due Oct 31, 2025 or earlier upon Corporate Event or default.
- Includes 5% premium payment on principal at maturity, redemption, or prepayment.
- If subsequent Financing occurs, holder can require redemption using up to 100% of gross proceeds.
- Issued under Section 4(a)(2) and/or Regulation D exemption from registration.
- Note contains customary events of default, including failure to pay >$150k debt due.
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