SCWorx enters $5M common stock purchase agreement with institutional investor

SCWorx Corp.

Up to $5M of common stock may be sold over 24-month term at Company's option.
Purchase price set at 93% of lowest sale price or 95% of lowest VWAP depending on notice.
Commitment shares of 277,778 (valued at $200k) issued to investor; 69,445 shares to placement agent.
Proceeds intended for working capital and general corporate purposes.
Registration statement for resale expected effective mid-to-late August 2022.

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