Scorpius Holdings, Inc. 8-K

What Happened

• Scorpius Holdings, Inc. (SCPX) announced in an 8‑K that on December 10, 2025 a collateral agent conducted a foreclosure sale under Article 9 of the UCC, resulting in the disposition (the “Disposed Assets”) of certain assets encumbered by the Company’s secured debt.
• The foreclosure related to holders of the Company’s senior secured convertible notes dated December 6, 2024 (original aggregate principal $13,388,889) and non‑convertible secured promissory notes (aggregate principal $9,841,765). The Disposed Assets comprised substantially all non‑cash assets of the Company and related to its CDMO (contract development and manufacturing organization) and research & development activities and subsidiaries.

Key Details

• Foreclosure sale date: December 10, 2025.
• Secured debt involved: $13,388,889 in senior secured convertible notes (Dec 6, 2024) and $9,841,765 in non‑convertible secured promissory notes.
• The Disposed Assets were substantially all of the Company’s non‑cash assets tied to its CDMO and R&D activities and subsidiaries.
• The filing treats the sale as a disposition of a significant amount of assets and addresses triggering events under Item 2.04 (possible acceleration/increase of direct financial obligations).

Why It Matters

• For investors, this is material: the company reports that substantially all of its non‑cash assets tied to core CDMO and R&D operations were foreclosed and sold, which could materially affect its business operations and asset base.
• The foreclosure is tied to secured debt and the filing notes related triggering-event implications (Item 2.04), meaning creditors’ remedies and the company’s obligations may have changed as a result of the sale.
• The company filed related financial statements and exhibits under Item 9.01; investors should review the full 8‑K and any subsequent disclosures for details on operational and financial impact.