Scorpius Holdings Inc. Issues $44,375 Promissory Note at 5% Interest to Institutional Investor
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Scorpius Holdings Inc. has issued a $44,375 non-convertible promissory note to an institutional investor, with a 5% annual interest rate. The note matures on June 16, 2026, or upon a defined corporate event or default. Upon maturity, a 15% premium on the principal is required, along with accrued interest. The agreement includes default provisions and allows the noteholder to demand repayment from gross proceeds if Scorpius secures further financing while the note is outstanding.
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