Scorpius Holdings (SCPX) just unveiled an update.
Scorpius Holdings, Inc. successfully completed a public offering on August 19, 2024, raising $12.5 million through the sale of over 2.4 million shares and nearly 12 million pre-funded warrants. The proceeds are earmarked for working capital and other corporate needs. The pre-funded warrants, exercisable immediately, allow holders to purchase additional stock, with provisions to prevent ownership exceeding set thresholds unless prior notice is given. The offering was part of a broader agreement with underwriters, including a 90-day restriction on company stock transactions and a right of first refusal on future financings.
For detailed information about SCPX stock, go to TipRanks’ Stock Analysis page.
