Scorpius Holdings Navigates Offering Hurdles, Eyes Share Sale

Scorpius Holdings (SCPX) has provided an update.

Scorpius Holdings, Inc. faced a hiccup in its public offering as ThinkEquity terminated their underwriting agreement due to a trading halt on the NYSE American. Nevertheless, the company secured a financial viability exception from NYSE American, bypassing the need for stockholder approval, and plans to sell 12.5 million shares at $1.00 each. The revised offering and its terms are yet to be finalized, and there’s no certainty it will go through, but if it does, the closing is slated to occur shortly after stockholders are informed.

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