{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-047784","form_type":"8-K","ticker":"WORX","cik":"0001674227","company_name":"SCWorx Corp.","filed_at":"2023-06-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.976523+00:00","generated_at":"2026-06-14T03:59:03.289017+00:00","sec_items":["1.01","3.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"SCWorx issues 1.94M shares to settle suit; Nasdaq delisting notice for bid non-compliance","bullets":["Issued 1,941,858 shares of common stock to satisfy $600,000 class-action settlement liability.","Nasdaq staff determined company failed to regain compliance with $1 bid price rule; trading suspension June 15, 2023.","Company intends to appeal delisting determination and pursue reverse stock split to regain compliance.","If delisted, trading liquidity, accurate quotations, and capital raising ability could be materially impaired."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-047784","json":"https://secwatch.observer/filing/0001213900-23-047784.json","markdown":"https://secwatch.observer/filing/0001213900-23-047784.md","text":"https://secwatch.observer/filing/0001213900-23-047784.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674227/000121390023047784/0001213900-23-047784-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674227/000121390023047784/ea180099-8k_scworx.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T03:59:03.289017+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a69ccd46b8a826ce9ae4fc813994c878d6f4e461","claim":"SCWorx Corp. entered into Settlement Agreement with Daniel Yannes, individually and on behalf of all others similarly situated valued at $600,000 worth of common stock (effective 2021-12-20).","evidence_excerpt":"On December 20, 2021, the Company and Mr. Schessel entered into a binding agreement with the Plaintiff to settle the litigation.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674227/000121390023047784/0001213900-23-047784-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Daniel Yannes, individually and on behalf of all others similarly situated"},{"label":"Value","value":"$600,000 worth of common stock"},{"label":"Effective","value":"2021-12-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}