secwatch.observer — SEC 8-K summary
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Issuer:     Scorpius Holdings, Inc. (—)
CIK:        0001476963
Form:       8-K
Filed at:   2025-10-08T23:59:59+00:00
Accession:  0001079973-25-001574
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476963/000107997325001574/0001079973-25-001574-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476963/000107997325001574/scpx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-25-001574

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