Scorpius Holdings Announces Major Financial and Stock Revisions

The latest announcement is out from Scorpius Holdings (SCPX).

Scorpius Holdings, Inc. has made significant moves that impact its financial structure and stakeholders. The company has restructured a $750,000 promissory note with a new maturity date and secured it with a lien on company assets. Additionally, Scorpius’s stockholders approved an amendment to increase the number of shares available under their Stock Incentive Plan by 30 million. Most notably, they have executed a reverse stock split at a 1-for-200 ratio, drastically reducing the number of outstanding shares and altering the trading symbol temporarily, demonstrating a strategic approach to managing their stock’s market presence.

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