Scorpius Holdings Inc., a Delaware corporation, has announced significant amendments to its financial agreements with an institutional investor. Effective July 11, 2025, the company modified the conversion terms of its 9% senior secured convertible note, originally issued in December 2024. The conversion price has been adjusted to the lower of $0.06 per share or 55% of the average of the three lowest traded prices during the 20 trading days prior to conversion. Additionally, the company has removed the requirement to seek stockholder approval for increasing authorized shares or effecting a reverse stock split to facilitate full note conversion at the specified price. On the same date, Scorpius Holdings also issued a new non-convertible promissory note worth $485,000, accruing 5% interest and maturing by August 31, 2025, or upon the occurrence of certain corporate events. This strategic financial maneuver aims to optimize the company's debt structure and enhance its capital management flexibility.