secwatch.observer — SEC 8-K summary
======================================

Issuer:     SCWorx Corp. (WORX)
CIK:        0001674227
Form:       8-K
Filed at:   2022-07-05T23:59:59+00:00
Accession:  0001213900-22-037298
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674227/000121390022037298/0001213900-22-037298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674227/000121390022037298/ea162450-8k_scworx.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-037298

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer