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STOCK TITAN

[8-K] SCORPIUS HOLDINGS INC Reports Material Event

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Scorpius Holdings (NASDAQ:SCPX) filed an 8-K reporting that on June 18, 2025 it entered into a short-term financing arrangement via a $130,000 non-convertible promissory note (the “Noteâ€�) with an institutional investor.

The Note carries 5.0% annual interest and becomes due on the earliest of: (i) July 31, 2025; (ii) completion of a defined corporate event; or (iii) an event of default. Default events include failure by the company or its subsidiaries to pay indebtedness exceeding $150,000 or default on any other outstanding notes. Should Scorpius complete a subsequent financing while the Note is outstanding, the holder may, at its discretion, require redemption of the full outstanding balance—up to 100% of the gross proceeds of such financing.

The Note was issued under Section 4(a)(2) and/or Regulation D exemptions, meaning the securities are restricted and not registered with the SEC. The disclosure triggers three 8-K items: Item 1.01 (material definitive agreement), Item 2.03 (creation of a direct financial obligation), and Item 3.02 (unregistered sales of securities). A copy of the Note is filed as Exhibit 4.1.

No additional financial statements, risk factors or legal proceedings were included. The filing principally signals a near-term liquidity action and introduces customary covenants that could accelerate repayment if certain events occur.

Scorpius Holdings (NASDAQ:SCPX) ha depositato un modulo 8-K comunicando che il 18 giugno 2025 ha stipulato un accordo di finanziamento a breve termine tramite una nota di debito non convertibile da 130.000 dollari (la “Nota�) con un investitore istituzionale.

La Nota prevede un interesse annuo del 5,0% e scade alla prima delle seguenti date: (i) 31 luglio 2025; (ii) completamento di un evento societario definito; o (iii) un evento di inadempienza. Gli eventi di inadempienza includono il mancato pagamento da parte della società o delle sue controllate di debiti superiori a 150.000 dollari o il mancato adempimento di altre note in essere. Qualora Scorpius completasse un finanziamento successivo mentre la Nota è ancora in essere, il detentore potrà, a sua discrezione, richiedere il rimborso dell’intero saldo residuo—fino al 100% dei proventi lordi di tale finanziamento.

La Nota è stata emessa ai sensi delle esenzioni previste dalla Sezione 4(a)(2) e/o dal Regolamento D, il che significa che i titoli sono soggetti a restrizioni e non registrati presso la SEC. La comunicazione attiva tre voci del modulo 8-K: Voce 1.01 (accordo definitivo rilevante), Voce 2.03 (creazione di un obbligo finanziario diretto), e Voce 3.02 (vendite non registrate di titoli). Una copia della Nota è allegata come Exhibit 4.1.

Non sono stati inclusi ulteriori bilanci, fattori di rischio o procedimenti legali. Il deposito segnala principalmente un’azione di liquidità a breve termine e introduce consuete clausole che potrebbero accelerare il rimborso in caso di determinati eventi.

Scorpius Holdings (NASDAQ:SCPX) presentó un formulario 8-K informando que el 18 de junio de 2025 celebró un acuerdo de financiamiento a corto plazo mediante un pagaré no convertible por 130,000 dólares (el “Pagaré�) con un inversor institucional.

El Pagaré tiene un interés anual del 5.0% y vence en la primera de las siguientes fechas: (i) 31 de julio de 2025; (ii) la finalización de un evento corporativo definido; o (iii) un evento de incumplimiento. Los eventos de incumplimiento incluyen el incumplimiento por parte de la empresa o sus subsidiarias en el pago de deudas superiores a 150,000 dólares o el incumplimiento de otros pagarés pendientes. Si Scorpius realiza un financiamiento posterior mientras el Pagaré esté vigente, el tenedor podrá, a su discreción, exigir el reembolso del saldo total pendiente—hasta el 100% de los ingresos brutos de dicho financiamiento.

El Pagaré se emitió bajo las exenciones de la Sección 4(a)(2) y/o el Reglamento D, lo que significa que los valores están restringidos y no están registrados ante la SEC. La divulgación activa tres ítems del formulario 8-K: Ãtem 1.01 (acuerdo definitivo material), Ãtem 2.03 (creación de una obligación financiera directa), y Ãtem 3.02 (ventas no registradas de valores). Una copia del Pagaré se presenta como Anexo 4.1.

No se incluyeron estados financieros adicionales, factores de riesgo ni procedimientos legales. La presentación señala principalmente una acción de liquidez a corto plazo e introduce cláusulas habituales que podrían acelerar el reembolso si ocurren ciertos eventos.

Scorpius Holdings (NASDAQ:SCPX)µç� 2025ë…� 6ì›� 18ì� 기관 투ìžìžì™€ 130,000달러 비전í™� 약ì†ì–´ìŒ(“어ìŒâ€�)ì� 통한 단기 ìžê¸ˆ 조달 계약ì� 체결했다ê³� 8-K 보고서를 제출했습니다.

¹®´ìŒì¶Ä ì—� 5.0% ì´ìžìœ�ì� ì ìš©ë˜ë©° ë‹¤ìŒ ì¤� ê°€ìž� 빠른 시기ì—� 만기가 ë„래합니ë‹�: (i) 2025ë…� 7ì›� 31ì�, (ii) ì •ì˜ë� 기업 ì´ë²¤íŠ� 완료, ë˜µç” (iii) 채무 불ì´í–� 사건. 불ì´í–� ì‚¬ê±´ì—µç” íšŒì‚¬ ë˜µç” ìžíšŒì‚¬ê°€ 150,000달러ë¥� 초과하µç” 부채를 ìƒí™˜í•˜ì§€ 못하거나 다른 미지ê¸� ì–´ìŒì—� 대í•� 불ì´í–‰í•˜µç� 경우가 í¬í•¨ë©ë‹ˆë‹�. Scorpiusê°€ ì–´ìŒ ë§Œê¸° ì¤‘ì— ì¶”ê°€ ìžê¸ˆ 조달ì� 완료í•� 경우, ë³´ìœ ìžµç” ìž¬ëŸ‰ì—� ë”°ë¼ í•´ë‹¹ ìžê¸ˆ 조달ì� ì´� 수ìµê¸� 100%까지 ì „ì•¡ ìƒí™˜ì� 요구í•� ìˆ� 있습니다.

¹®´ìŒì¶Ä 섹션 4(a)(2) ë°�/ë˜µç” ê·œì • D ë©´ì œ ì¡°í•­ì—� ë”°ë¼ ë°œí–‰ë˜ì—ˆìœ¼ë©°, ì´µç” ì¦ê¶Œì� 제한ì ì´ë©� SECì—� 등ë¡ë˜ì§€ 않았ìŒì„ ì˜ë¯¸í•©ë‹ˆë‹�. ì´ë²ˆ 공시µç� 8-Kì� ì„� 가지 항목ì� 촉발합니ë‹�: 항목 1.01 (중대í•� 확정 계약), 항목 2.03 (ì§ì ‘ 금융 ì˜ë¬´ ìƒì„±), ë°� 항목 3.02 (미등ë¡� ì¦ê¶Œ íŒë§¤). ì–´ìŒ ì‚¬ë³¸ì€ Exhibit 4.1ë¡� 제출ë˜ì—ˆìŠµë‹ˆë‹�.

추가 재무제표, 위험 요소 ë˜µç” ë²•ì  ì ˆì°¨µç� í¬í•¨ë˜ì§€ 않았습니ë‹�. ì´ë²ˆ ì œì¶œì€ ì£¼ë¡œ 단기 유ë™ì„� 조치ë¥� 알리ê³� 특정 사건 ë°œìƒ ì‹� ìƒí™˜ì� ê°€ì†í™”í•� ìˆ� 있µç” ì¼ë°˜ì ì¸ 계약 ì¡°í•­ì� ë„입합니ë‹�.

Scorpius Holdings (NASDAQ:SCPX) a déposé un formulaire 8-K rapportant qu’au 18 juin 2025, elle a conclu un accord de financement à court terme via une lettre de change non convertible de 130 000 $ (la « Lettre ») avec un investisseur institutionnel.

La Lettre porte un taux d’intérêt annuel de 5,0 % et devient exigible à la première des dates suivantes : (i) 31 juillet 2025 ; (ii) réalisation d’un événement corporatif défini ; ou (iii) un cas de défaut. Les cas de défaut incluent le non-paiement par la société ou ses filiales d’une dette dépassant 150 000 $ ou le défaut sur toute autre lettre en circulation. Si Scorpius réalise un financement ultérieur pendant que la Lettre est en cours, le détenteur peut, à sa discrétion, exiger le remboursement intégral du solde restant—jusqu’� 100 % des produits bruts de ce financement.

La Lettre a été émise sous les exemptions de la Section 4(a)(2) et/ou du Règlement D, ce qui signifie que les titres sont restreints et non enregistrés auprès de la SEC. Cette divulgation déclenche trois items du formulaire 8-K : Item 1.01 (contrat définitif important), Item 2.03 (création d’une obligation financière directe), et Item 3.02 (ventes non enregistrées de titres). Une copie de la Lettre est déposée en annexe 4.1.

Aucun état financier supplémentaire, facteur de risque ou procédure judiciaire n’a été inclus. Le dépôt signale principalement une action de liquidité à court terme et introduit des clauses habituelles qui pourraient accélérer le remboursement en cas de certains événements.

Scorpius Holdings (NASDAQ:SCPX) reichte eine 8-K-Meldung ein, in der berichtet wird, dass am 18. Juni 2025 eine kurzfristige Finanzierungsvereinbarung durch einen nicht wandelbaren Schuldschein über 130.000 US-Dollar (die „Schuldschein�) mit einem institutionellen Investor abgeschlossen wurde.

Der Schuldschein trägt 5,0 % Jahreszins und wird fällig am frühesten der folgenden Termine: (i) 31. Juli 2025; (ii) Abschluss eines definierten Unternehmensereignisses; oder (iii) eines Zahlungsausfalls. Zahlungsausfälle umfassen das Versäumnis der Gesellschaft oder ihrer Tochtergesellschaften, Verbindlichkeiten über 150.000 US-Dollar zu begleichen oder andere ausstehende Schuldscheine nicht zu bedienen. Sollte Scorpius während der Laufzeit des Schuldscheins eine nachfolgende Finanzierung abschließen, kann der Inhaber nach eigenem Ermessen die Rückzahlung des gesamten ausstehenden Betrags verlangen—bis zu 100 % der Bruttoerlöse aus dieser Finanzierung.

Der Schuldschein wurde unter den Ausnahmen der Section 4(a)(2) und/oder Regulation D ausgegeben, was bedeutet, dass die Wertpapiere beschränkt sind und nicht bei der SEC registriert wurden. Die Offenlegung löst drei 8-K-Punkte aus: Punkt 1.01 (wesentlicher endgültiger Vertrag), Punkt 2.03 (Entstehung einer direkten finanziellen Verpflichtung) und Punkt 3.02 (nicht registrierter Wertpapierverkauf). Eine Kopie des Schuldscheins ist als Exhibit 4.1 beigefügt.

Weitere Finanzberichte, Risikofaktoren oder Rechtsstreitigkeiten wurden nicht beigefügt. Die Meldung signalisiert hauptsächlich eine kurzfristige Liquiditätsmaßnahme und führt übliche Klauseln ein, die eine vorzeitige Rückzahlung bei bestimmten Ereignissen ermöglichen.

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Negative
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Insights

TL;DR � $130k note adds short-term liquidity but limited scale suggests neutral earnings impact.

The filing discloses a modest $130,000 promissory note priced at a reasonable 5% rate and maturing in roughly six weeks. From an earnings perspective the incremental interest expense (�$540 if held to maturity) is immaterial, while the cash infusion provides working capital optionality ahead of quarter-end. Because the holder can compel redemption using proceeds from any subsequent financing, the structure effectively subordinates future raises to this note but avoids equity dilution in the interim. Absent revenue figures, the capital’s materiality cannot be quantified; however, the note’s small face value and short tenor imply negligible effect on long-term valuation metrics. Overall, the agreement appears to be a tactical bridge rather than a strategic shift, leaving the financial outlook broadly unchanged.

TL;DR � Short-dated debt introduces refinancing risk and priority claim on new financing.

The company has accepted a promissory note with a July 31, 2025 hard maturity, effectively creating a 43-day refinancing clock. Failure to secure a corporate event or additional financing before that date would trigger default, exposing Scorpius to accelerated remedies and a 100% cash sweep of future raises. The cross-default clause (> $150k delinquency elsewhere) tightens covenants across the capital structure. While the principal amount is low in absolute terms, the compressed timeframe may signal constrained liquidity. Investors should monitor forthcoming capital raises and watch for potential covenant stacking that could limit operational flexibility. Given these incremental risks, the filing tilts slightly negative for the risk profile.

Scorpius Holdings (NASDAQ:SCPX) ha depositato un modulo 8-K comunicando che il 18 giugno 2025 ha stipulato un accordo di finanziamento a breve termine tramite una nota di debito non convertibile da 130.000 dollari (la “Nota�) con un investitore istituzionale.

La Nota prevede un interesse annuo del 5,0% e scade alla prima delle seguenti date: (i) 31 luglio 2025; (ii) completamento di un evento societario definito; o (iii) un evento di inadempienza. Gli eventi di inadempienza includono il mancato pagamento da parte della società o delle sue controllate di debiti superiori a 150.000 dollari o il mancato adempimento di altre note in essere. Qualora Scorpius completasse un finanziamento successivo mentre la Nota è ancora in essere, il detentore potrà, a sua discrezione, richiedere il rimborso dell’intero saldo residuo—fino al 100% dei proventi lordi di tale finanziamento.

La Nota è stata emessa ai sensi delle esenzioni previste dalla Sezione 4(a)(2) e/o dal Regolamento D, il che significa che i titoli sono soggetti a restrizioni e non registrati presso la SEC. La comunicazione attiva tre voci del modulo 8-K: Voce 1.01 (accordo definitivo rilevante), Voce 2.03 (creazione di un obbligo finanziario diretto), e Voce 3.02 (vendite non registrate di titoli). Una copia della Nota è allegata come Exhibit 4.1.

Non sono stati inclusi ulteriori bilanci, fattori di rischio o procedimenti legali. Il deposito segnala principalmente un’azione di liquidità a breve termine e introduce consuete clausole che potrebbero accelerare il rimborso in caso di determinati eventi.

Scorpius Holdings (NASDAQ:SCPX) presentó un formulario 8-K informando que el 18 de junio de 2025 celebró un acuerdo de financiamiento a corto plazo mediante un pagaré no convertible por 130,000 dólares (el “Pagaré�) con un inversor institucional.

El Pagaré tiene un interés anual del 5.0% y vence en la primera de las siguientes fechas: (i) 31 de julio de 2025; (ii) la finalización de un evento corporativo definido; o (iii) un evento de incumplimiento. Los eventos de incumplimiento incluyen el incumplimiento por parte de la empresa o sus subsidiarias en el pago de deudas superiores a 150,000 dólares o el incumplimiento de otros pagarés pendientes. Si Scorpius realiza un financiamiento posterior mientras el Pagaré esté vigente, el tenedor podrá, a su discreción, exigir el reembolso del saldo total pendiente—hasta el 100% de los ingresos brutos de dicho financiamiento.

El Pagaré se emitió bajo las exenciones de la Sección 4(a)(2) y/o el Reglamento D, lo que significa que los valores están restringidos y no están registrados ante la SEC. La divulgación activa tres ítems del formulario 8-K: Ãtem 1.01 (acuerdo definitivo material), Ãtem 2.03 (creación de una obligación financiera directa), y Ãtem 3.02 (ventas no registradas de valores). Una copia del Pagaré se presenta como Anexo 4.1.

No se incluyeron estados financieros adicionales, factores de riesgo ni procedimientos legales. La presentación señala principalmente una acción de liquidez a corto plazo e introduce cláusulas habituales que podrían acelerar el reembolso si ocurren ciertos eventos.

Scorpius Holdings (NASDAQ:SCPX)µç� 2025ë…� 6ì›� 18ì� 기관 투ìžìžì™€ 130,000달러 비전í™� 약ì†ì–´ìŒ(“어ìŒâ€�)ì� 통한 단기 ìžê¸ˆ 조달 계약ì� 체결했다ê³� 8-K 보고서를 제출했습니다.

¹®´ìŒì¶Ä ì—� 5.0% ì´ìžìœ�ì� ì ìš©ë˜ë©° ë‹¤ìŒ ì¤� ê°€ìž� 빠른 시기ì—� 만기가 ë„래합니ë‹�: (i) 2025ë…� 7ì›� 31ì�, (ii) ì •ì˜ë� 기업 ì´ë²¤íŠ� 완료, ë˜µç” (iii) 채무 불ì´í–� 사건. 불ì´í–� ì‚¬ê±´ì—µç” íšŒì‚¬ ë˜µç” ìžíšŒì‚¬ê°€ 150,000달러ë¥� 초과하µç” 부채를 ìƒí™˜í•˜ì§€ 못하거나 다른 미지ê¸� ì–´ìŒì—� 대í•� 불ì´í–‰í•˜µç� 경우가 í¬í•¨ë©ë‹ˆë‹�. Scorpiusê°€ ì–´ìŒ ë§Œê¸° ì¤‘ì— ì¶”ê°€ ìžê¸ˆ 조달ì� 완료í•� 경우, ë³´ìœ ìžµç” ìž¬ëŸ‰ì—� ë”°ë¼ í•´ë‹¹ ìžê¸ˆ 조달ì� ì´� 수ìµê¸� 100%까지 ì „ì•¡ ìƒí™˜ì� 요구í•� ìˆ� 있습니다.

¹®´ìŒì¶Ä 섹션 4(a)(2) ë°�/ë˜µç” ê·œì • D ë©´ì œ ì¡°í•­ì—� ë”°ë¼ ë°œí–‰ë˜ì—ˆìœ¼ë©°, ì´µç” ì¦ê¶Œì� 제한ì ì´ë©� SECì—� 등ë¡ë˜ì§€ 않았ìŒì„ ì˜ë¯¸í•©ë‹ˆë‹�. ì´ë²ˆ 공시µç� 8-Kì� ì„� 가지 항목ì� 촉발합니ë‹�: 항목 1.01 (중대í•� 확정 계약), 항목 2.03 (ì§ì ‘ 금융 ì˜ë¬´ ìƒì„±), ë°� 항목 3.02 (미등ë¡� ì¦ê¶Œ íŒë§¤). ì–´ìŒ ì‚¬ë³¸ì€ Exhibit 4.1ë¡� 제출ë˜ì—ˆìŠµë‹ˆë‹�.

추가 재무제표, 위험 요소 ë˜µç” ë²•ì  ì ˆì°¨µç� í¬í•¨ë˜ì§€ 않았습니ë‹�. ì´ë²ˆ ì œì¶œì€ ì£¼ë¡œ 단기 유ë™ì„� 조치ë¥� 알리ê³� 특정 사건 ë°œìƒ ì‹� ìƒí™˜ì� ê°€ì†í™”í•� ìˆ� 있µç” ì¼ë°˜ì ì¸ 계약 ì¡°í•­ì� ë„입합니ë‹�.

Scorpius Holdings (NASDAQ:SCPX) a déposé un formulaire 8-K rapportant qu’au 18 juin 2025, elle a conclu un accord de financement à court terme via une lettre de change non convertible de 130 000 $ (la « Lettre ») avec un investisseur institutionnel.

La Lettre porte un taux d’intérêt annuel de 5,0 % et devient exigible à la première des dates suivantes : (i) 31 juillet 2025 ; (ii) réalisation d’un événement corporatif défini ; ou (iii) un cas de défaut. Les cas de défaut incluent le non-paiement par la société ou ses filiales d’une dette dépassant 150 000 $ ou le défaut sur toute autre lettre en circulation. Si Scorpius réalise un financement ultérieur pendant que la Lettre est en cours, le détenteur peut, à sa discrétion, exiger le remboursement intégral du solde restant—jusqu’� 100 % des produits bruts de ce financement.

La Lettre a été émise sous les exemptions de la Section 4(a)(2) et/ou du Règlement D, ce qui signifie que les titres sont restreints et non enregistrés auprès de la SEC. Cette divulgation déclenche trois items du formulaire 8-K : Item 1.01 (contrat définitif important), Item 2.03 (création d’une obligation financière directe), et Item 3.02 (ventes non enregistrées de titres). Une copie de la Lettre est déposée en annexe 4.1.

Aucun état financier supplémentaire, facteur de risque ou procédure judiciaire n’a été inclus. Le dépôt signale principalement une action de liquidité à court terme et introduit des clauses habituelles qui pourraient accélérer le remboursement en cas de certains événements.

Scorpius Holdings (NASDAQ:SCPX) reichte eine 8-K-Meldung ein, in der berichtet wird, dass am 18. Juni 2025 eine kurzfristige Finanzierungsvereinbarung durch einen nicht wandelbaren Schuldschein über 130.000 US-Dollar (die „Schuldschein�) mit einem institutionellen Investor abgeschlossen wurde.

Der Schuldschein trägt 5,0 % Jahreszins und wird fällig am frühesten der folgenden Termine: (i) 31. Juli 2025; (ii) Abschluss eines definierten Unternehmensereignisses; oder (iii) eines Zahlungsausfalls. Zahlungsausfälle umfassen das Versäumnis der Gesellschaft oder ihrer Tochtergesellschaften, Verbindlichkeiten über 150.000 US-Dollar zu begleichen oder andere ausstehende Schuldscheine nicht zu bedienen. Sollte Scorpius während der Laufzeit des Schuldscheins eine nachfolgende Finanzierung abschließen, kann der Inhaber nach eigenem Ermessen die Rückzahlung des gesamten ausstehenden Betrags verlangen—bis zu 100 % der Bruttoerlöse aus dieser Finanzierung.

Der Schuldschein wurde unter den Ausnahmen der Section 4(a)(2) und/oder Regulation D ausgegeben, was bedeutet, dass die Wertpapiere beschränkt sind und nicht bei der SEC registriert wurden. Die Offenlegung löst drei 8-K-Punkte aus: Punkt 1.01 (wesentlicher endgültiger Vertrag), Punkt 2.03 (Entstehung einer direkten finanziellen Verpflichtung) und Punkt 3.02 (nicht registrierter Wertpapierverkauf). Eine Kopie des Schuldscheins ist als Exhibit 4.1 beigefügt.

Weitere Finanzberichte, Risikofaktoren oder Rechtsstreitigkeiten wurden nicht beigefügt. Die Meldung signalisiert hauptsächlich eine kurzfristige Liquiditätsmaßnahme und führt übliche Klauseln ein, die eine vorzeitige Rückzahlung bei bestimmten Ereignissen ermöglichen.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (date of earliest event reported): June 18, 2025

 

Scorpius Holdings, Inc.

(Exact name of registrant as specified in charter)

 

Delaware

(State or other jurisdiction of incorporation)

 

001-35994 26-2844103
(Commission File Number) (IRS Employer Identification No.)

 

1305 E. Houston Street, Building 2

San Antonio, TX 78205

(Address of principal executive offices and zip code)

 

(919) 240-7133

(Registrant’s telephone number including area code)

 

(Former Name and Former Address)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:

 

  ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  ¨ Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12)

 

  ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company  ¨  

 

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 
 
 
 

  

Item 1.01. Entry Into a Material Definitive Agreement.

 

On June 18, 2025, Scorpius Holdings, Inc., a Delaware corporation (the “Company”), issued a non-convertible promissory note (the “Note”) in the principal amount of One Hundred and Thirty Thousand Dollars ($130,000) to an institutional investor (the “Holder”). The Note accrues interest at the rate of 5.0% per annum and matures on the earlier of: (i) July 31, 2025; (ii) the consummation of a Corporate Event (as such term is defined in the Note); or (iii) when, upon or after the occurrence of an event of default under the Note.

        

The Note contains customary events of default, including if the Company or any of its subsidiaries, individually or in the aggregate, fails to pay indebtedness in excess of $150,000 due to any third party, subject to certain exceptions, or if an event of default occurs under any other outstanding promissory note of the Company. If at any time the Note is outstanding the Company consummates a subsequent Financing (as such term is defined in the Note), the Holder shall have the right, it its sole discretion, to require that the Company redeem the entire outstanding balance of the Note, together with all accrued interest thereon, using up to 100% of the gross proceeds of such Financing.

 

The Company sold the Note in reliance upon an exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended and/or Regulation D promulgated thereunder.

 

The foregoing description of the terms of the Note does not purport to be complete and is qualified in its entirety by reference to the full text of such document, a copy of which is filed as Exhibit 4.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-balance Sheet Arrangement of a Registrant.

 

The information set forth under Item 1.01 above of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.

 

Item 3.02. Unregistered Sales of Equity Securities.

 

The information set forth under Item 1.01 above of this Current Report on Form 8-K is incorporated by reference in this Item 3.02. The Note was issued pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act and/or Rule 506 of Regulation D promulgated thereunder. The Note may not be offered or sold in the United States in the absence of an effective registration statement or exemption from the registration requirements.

 

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit
Number
  Exhibit Description
4.1   Form of Promissory Note
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: June 23, 2025

SCORPIUS HOLDINGS, INC.

   
     
  By: /s/ Jeffrey Wolf
  Name:

Jeffrey Wolf

  Title:

Chairman, President and

Chief Executive Officer

 

 

 

 

 

FAQ

What type of financing did SCPX announce in its June 2025 8-K?

The company issued a $130,000 non-convertible promissory note to an institutional investor.

When does Scorpius Holdings� new promissory note mature?

The note matures on the earlier of July 31, 2025, a defined corporate event, or an event of default.

What interest rate does the SCPX promissory note carry?

The note accrues interest at 5.0% per annum.

Can the note holder force SCPX to repay early?

Yes. If Scorpius completes a subsequent financing, the holder may require redemption using up to 100% of the new proceeds.

Under which SEC exemption was the note issued?

The note was sold under Section 4(a)(2) of the Securities Act and/or Rule 506 of Regulation D.
Scorpius Holdings

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Biotechnology
Pharmaceutical Preparations
United States
MORRISVILLE