other_material
confidence high
sentiment negative
materiality 0.95
Scorpius Holdings' CDMO assets foreclosed Dec 10, 2025; $15.2M proceeds settle $30.2M debt
Scorpius Holdings, Inc.
- Collateral agent foreclosed on substantially all non-cash assets (lab equipment $7.1M, leases, inventory) on Dec 10, 2025.
- Proceeds of $15.2M applied to partially settle $30.2M secured debt; $14.9M debt remains after sale.
- All CDMO employees terminated Dec 10, 2025; majority joined buyer Velocity Bioworks (Tivic Health subsidiary).
- Pro forma total assets drop from $20.8M to $0.9M; accumulated deficit rises to $321.4M.
- Pro forma net loss for nine months ended Sep 30, 2025 adjusted to $1.47M from $16.8M reported.