secwatch.observer — SEC 8-K summary
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Issuer:     Scorpius Holdings, Inc. (—)
CIK:        0001476963
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0001079973-26-000142
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 2.01, 9.01, 2.04
LLM model:  deepseek-v4-flash:cloud@v2

Scorpius Holdings loses substantially all non-cash assets in foreclosure sale; all CDMO employees terminated
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- Foreclosure on Dec 10, 2025; $15.2M net proceeds applied to $30.2M secured debt; $17.4M pro-forma loss on foreclosure.
- Disposed assets include all non-cash CDMO/R&D assets (lab equip $8.1M, leasehold $1.1M, inventory, prepaids).
- All CDMO employees terminated Dec 10, 2025; majority joined Velocity Bioworks (Tivic Health Systems unit), buyer.
- Post-foreclosure, co retains cash $520K, receivables $25K, prepaid $83K, and minimal lease obligations.
- Remaining secured debt $14.9M after proceeds applied (convertible $14.5M, non-convertible $0.5M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476963/000107997326000142/0001079973-26-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476963/000107997326000142/scpx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-26-000142

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