Scorpius Holdings Inc. has announced the issuance of a non-convertible promissory note valued at $500,000 to an institutional investor. The note, which accrues interest at 5% per annum, is set to mature on the earlier of October 31, 2025, the completion of a corporate event, or an event of default. Upon maturity, redemption, or prepayment, the company will include a premium payment of 5% of the principal amount. This financial maneuver was executed under an exemption from registration as per the Securities Act of 1933.
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