secwatch.observer — SEC 8-K summary
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Issuer:     SCWorx Corp. (WORX)
CIK:        0001674227
Form:       8-K
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0001213900-23-047784
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 3.01
LLM model:  deepseek-v4-flash:cloud@v2

SCWorx issues 1.94M shares to settle suit; Nasdaq delisting notice for bid non-compliance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674227/000121390023047784/0001213900-23-047784-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674227/000121390023047784/ea180099-8k_scworx.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-047784

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