Scorpius Holdings Secures $471,000 Promissory Note Financing at 5% Interest
Scorpius Holdings Inc. has entered into a new financing agreement with an institutional investor, issuing a non-convertible promissory note in the principal amount of $471,000. The note, dated October 14, 2025, carries an annual interest rate of 5.0% and matures on the earlier of April 14, 2026, the occurrence of a defined corporate event, or an event of default. Upon maturity or redemption, Scorpius Holdings is required to pay a 15% premium on the principal. The agreement includes customary default provisions and allows the noteholder to require full redemption from proceeds if the company secures subsequent financing while the note is outstanding. Similar terms apply to additional notes issued by the company.
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