Scorpius Holdings, Inc. Announces Closing of Public Offering

DURHAM, N.C., Aug. 19, 2024 (GLOBE NEWSWIRE) — Scorpius Holdings, Inc. (NYSE American: SCPX), (“Scorpius”, or the “Company”), an integrated contract development and manufacturing organization (CDMO), today announced the closing of its underwritten public offering of 14,375,000 shares of its common stock (and/or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof), including full exercise of the underwriter’s over-allotment option. Each share of common stock (or pre-funded warrant) was offered at a public offering price of $1.00 per share (including the exercise price of the Pre-Funded Warrant), for gross proceeds of $14,375,000, before deducting underwriter discounts and offering expenses.

The Company intends to use the net proceeds from the offering to fund working capital and for general corporate purposes.