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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