---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-002717"
form_type: "8-K"
ticker: "WORX"
cik: "0001674227"
company_name: "SCWorx Corp."
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T02:30:05.512226+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SCWorx implements 1-for-15 reverse stock split to regain Nasdaq minimum bid price compliance

## Summary
- Stockholders approved a 1-for-15 reverse stock split on October 6, 2023; effective October 11, 2023.
- Reverse split aims to raise share price above $1.00 to regain compliance with Nasdaq's minimum bid price rule.
- If compliance not regained after split, common stock risks delisting from Nasdaq.
- Also elected directors: Timothy Hannibal, Alton Irby, Steven Horowitz; ratified auditors BF Borgers CPA PC.

## SEC filing metadata
- accession: 0001013762-23-002717
- form_type: 8-K
- ticker: WORX
- cik: 0001674227
- company_name: SCWorx Corp.
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.07, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674227/000101376223002717/0001013762-23-002717-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674227/000101376223002717/ea186555-8k_scworxcorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-002717
- JSON: https://secwatch.observer/filing/0001013762-23-002717.json
- Plain text: https://secwatch.observer/filing/0001013762-23-002717.txt

## Key facts
- Shareholder Votes
  SCWorx Corp. shareholders approved To effect a reverse stock split of the Company's common stock at the 2023-10-06 meeting.
  - Proposal: reverse split
  - Outcome: passed
  - Meeting: 2023-10-06
  source text: Proposal No. 2 –To effect a reverse stock split of the Company’s common stock. For Against Abstain/Withheld Broker Non-Votes 7,274,410 854,550 6,772
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674227/000101376223002717/0001013762-23-002717-index.htm
- Shareholder Votes
  SCWorx Corp. shareholders approved To consider and vote, on a non-binding, advisory basis, upon the compensation of those of our executive officers listed in the Summary Compensation Table appearing in the proxy statement, or our named executive officers, as disclosed in the proxy statement pursuant to Item 402 of Regulation S-K at the 2023-10-06 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-10-06
  source text: Proposal No. 3 — To consider and vote, on a non-binding, advisory basis, upon the compensation of those of our executive officers listed in the Summary Compensation Table appearing in the proxy statement, or our named executive officers, as disclosed in the proxy statement pursuant to Item 402 of Regulation S-K For Against Abstain/Withheld Broker Non-Votes 1,812,492 331,754 203,944 5,787,542
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674227/000101376223002717/0001013762-23-002717-index.htm
- Shareholder Votes
  SCWorx Corp. shareholders approved To ratify the selection of BF Borgers CPA PC as the Company's independent auditors for the year ended December 31, 2023 at the 2023-10-06 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-10-06
  source text: Proposal No. 4 –To ratify the selection of BF Borgers CPA PC as the Company’s independent auditors for the year ended December 31, 2023. For Against Abstain/Withheld Broker Non-Votes 7,484,828 611,050 39,854
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674227/000101376223002717/0001013762-23-002717-index.htm
- Shareholder Votes
  SCWorx Corp. shareholders approved Election of Directors at the 2023-10-06 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-10-06
  source text: Proposal No. 1 — Election of Directors . The stockholders elected the following individuals as directors of the Company to hold office until the next annual meeting of stockholders and until their successors have been duly elected and qualified. Each nominee received the following votes: Director Name For Withheld Broker Non-Votes Timothy A. Hannibal 2,050,503 297,687 Alton Irby 1,969,378 378,812 Steven Horowitz 1,988,994 359,196 5,787,542 No votes were cast "against" any nominee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674227/000101376223002717/0001013762-23-002717-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.