---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-031757"
form_type: "8-K"
ticker: "WORX"
cik: "0001674227"
company_name: "SCWorx Corp."
filed_at: "2022-06-08T23:59:59+00:00"
generated_at: "2026-06-25T03:33:43.559553+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SCWorx settles SEC charges over COVID-19 test kit claims; pays $125K penalty and $503K disgorgement via stock

## Summary
- SEC charged SCWorx and former CEO Schessel with false/misleading statements about COVID-19 rapid test kit distribution in April 2020.
- Settlement includes permanent injunctions, $125,000 penalty, disgorgement of $471,000, and prejudgment interest of $32,761.56.
- SCWorx to satisfy disgorgement and interest by issuing $600,000 in stock to harmed investors in the Yannes class action.
- Company recorded full accrual for penalty in Q1 2022; no admission or denial of allegations.
- CEO Hannibal states resolution allows focus on healthcare data management services.

## SEC filing metadata
- accession: 0001213900-22-031757
- form_type: 8-K
- ticker: WORX
- cik: 0001674227
- company_name: SCWorx Corp.
- filed_at: 2022-06-08T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674227/000121390022031757/0001213900-22-031757-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674227/000121390022031757/ea161334-8k_scworx.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-031757
- JSON: https://secwatch.observer/filing/0001213900-22-031757.json
- Plain text: https://secwatch.observer/filing/0001213900-22-031757.txt

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