Scorpius Holdings extends convertible note maturity to March 2026 with related party

Scorpius Holdings, Inc.

Issued $2.25M second restated convertible note to Elusys Holdings, controlled by CEO Jeffrey Wolf.
Maturity date extended from September 1, 2025 to March 1, 2026.
Note carries 1% interest and is convertible into common stock under Section 3(a)(9) exemption.
Transaction is a related-party amendment with no change to the $2.25M principal amount.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Scorpius Holdings, Inc. amended Second Restated Note with Elusys Holdings Inc. valued at $2,250,000 (effective 2025-12-02).

Action: amendment
Agreement: notes offering
Counterparty: Elusys Holdings Inc.
Value: $2,250,000
Effective: 2025-12-02

Exact text from the filing

On December 2, 2025, Scorpius Holdings, Inc. (the “Company”) issued a second amended and restated 1% convertible promissory note in the principal amount of $2,250,000 (the “Second Restated Note”) to Elusys Holdings Inc., a Delaware corporation, which is a company controlled by the Company’s Chairman, Chief Executive Officer and President, Jeffrey Wolf.

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Source: SEC EDGAR

accession 0001553350-25-000178

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