Scorpius Holdings, Inc.

Form Type: 8-K

Filing Date: 2024-12-27

Corporate Action: Liquidation

Type: Update

Accession Number: 000107997324001779

Comments: Scorpius Holdings, Inc. is facing financial difficulties and has stated the need for additional future financing which may not be available on acceptable terms. As of December 20, 2024, the company has approximately $1.8 million in cash and cash equivalents. The company is exploring multiple alternatives for financing, including additional equity financing and debt options. However, due to regulatory constraints, their ability to raise capital may be limited, potentially leading to significant dilution for shareholders. If they fail to secure necessary funding, the company may need to undertake a restructure, reduce workforce, or consider ceasing operations or liquidating assets to stay operational and maintain their listing on the NYSE American.

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