03:50 AM EST, 03/08/2024 (MT Newswires) -- Scorpius Holdings ( SCPX ) said Friday it priced an underwritten public offering of 10 million common shares at $0.15 per share for expected gross proceeds of $1.5 million.

Net proceeds will be used primarily for working capital and general corporate purposes, the company said.

The offering is set to close on March 12, subject to customary closing conditions.

Shares of the company fell more than 26% in after-market hours on Thursday.

Price: 0.25, Change: -0.09, Percent Change: -26.47