Liquidation: Scorpius Holdings, Inc.

Form Type: 8-K

Filing Date: 2025-04-21

Corporate Action: Liquidation

Type: Update

Accession Number: 000107997325000687

Filing Summary: On April 21, 2025, Scorpius Holdings, Inc. received a notice from NYSE Regulation regarding the suspension of trading of its common stock. This suspension and the commencement of delisting proceedings were initiated because the company is deemed no longer suitable for listing due to the low selling price of its common stock. The company intends to appeal the determination of the staff regarding the delisting, but there is no guarantee of success. The appeal will include an application to the Securities and Exchange Commission to delist the company’s common stock pending completion of necessary procedures. Previously, on April 16, 2025, the company was notified of its failure to comply with NYSE listing standards due to a delinquent filing of its Annual Report for the year ended December 31, 2024, which was due by April 15, 2025. The company is under procedural obligations to cure this delinquency within specified time frames or face further enforcement actions.

Form Type: 8-K

Filing Date: 2024-12-27

Corporate Action: Liquidation

Type: Update

Accession Number: 000107997324001779

Filing Summary: 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.