Scorpius Holdings, Inc.: debt financing — Scorpius Holdings issues $500K note, secures up to $5M additional debt; acknowledges prior defaults and NYSE delisting.

Scorpius Holdings, Inc.

Issued $500,083 non-convertible note due Oct 31, 2025, at 5% interest, with 5% prepayment premium.
Amendment agreement allows 3i, LP to fund up to $5M in additional secured notes at 5% interest, 6-month maturity, 15% premium.
Prior outstanding notes total $7,389,083 (Schedule A); all obligations now secured under new Security Agreement.
Filing acknowledges multiple events of default: NYSE American delisting (May 2025), failure to maintain registration, missed payments, covenant breaches.
Subsidiary guarantees executed to secure all prior and future notes.

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. amended credit facility of maximum aggregate principal amount of $5,000,000 with institutional investor at 5.0% per annum maturing earlier of: (i) six (6) months following their date of issuance; (ii) the consummation of a Corporate Event; or (iii) when, upon or after the occurrence of an e.

Instrument: credit facility
Principal: maximum aggregate principal amount of $5,000,000
Counterparty: institutional investor
Rate: 5.0% per annum
Maturity: earlier of: (i) six (6) months following their date of issuance; (ii) the consummation of a Corporate Event; or (iii) when, upon or after the occurrence of an e
Event: amendment

Exact text from the filing

on October 6, 2025 , the Company entered into an agreement (the “Amendment Agreement”) with the Holder, in connection with one or more new loans to be made by the Holder at its option to the Company in the maximum aggregate principal amount of $5,000,000 (the “Maximum Funding Amount”).

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

Scorpius Holdings, Inc. incurred loan of $500,083.00 with institutional investor at 5.0% per annum maturing earlier of: (i) October 31, 2025; (ii) the consummation of a Corporate Event; or (iii) when, upon or after the occurrence of an event of default.

Instrument: loan
Principal: $500,083.00
Counterparty: institutional investor
Rate: 5.0% per annum
Maturity: earlier of: (i) October 31, 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 October 1, 2025, Scorpius Holdings, Inc., a Delaware corporation (the “Company”), issued a non-convertible promissory note, dated September 30, 2025 (the “Note”) in the principal amount of Five Hundred Thousand Eighty-Three Dollars ($500,083.00) to an institutional investor (the “Holder”).

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Source: SEC EDGAR

accession 0001079973-25-001574

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