debt
confidence high
sentiment neutral
materiality 0.50
Scorpius Holdings, Inc.: debt financing — Scorpius Holdings issues $122K non-convertible promissory note to institutional investor
Scorpius Holdings, Inc.
- Note principal $122,000; interest 5% per annum; matures May 20, 2026 or upon corporate event/default.
- Premium payment of 15% of principal due at maturity, redemption, or prepayment.
- Holder may require redemption using up to 100% of proceeds from any subsequent financing.
- Issued under Section 4(a)(2) of Securities Act and/or Regulation D exemption.
- Customary events of default, including failure to pay >$150,000 indebtedness to third parties.