secwatch.observer — SEC 8-K summary
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Issuer:     SCWorx Corp. (WORX)
CIK:        0001674227
Form:       8-K
Filed at:   2021-09-23T23:59:59+00:00
Accession:  0001213900-21-049490
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SCWorx raises $535k via private placement of common stock and warrants
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- Issued 298,883 shares of common stock and a warrant to purchase 298,883 shares at $1.79 per share.
- Gross proceeds of $535,000 from institutional accredited investor; closed September 17, 2021.
- Proceeds to be used for working capital and general corporate purposes; cannot be used for debt repayment or litigation.
- Registration rights agreement requires filing of resale registration statement within 45 days of closing.
- Company restricted from issuing securities to others until 90 days after registration effectiveness or Rule 144 eligibility, with limited exceptions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674227/000121390021049490/0001213900-21-049490-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674227/000121390021049490/ea147832-8k_scworx.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-049490

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