SCWorx enters reverse merger with American Environmental; AEPT shareholders to own 83% of combined company

SCWorx Corp.

SCWorx subsidiary to merge with American Environmental; AEPT will be the surviving entity.
AEPT shareholders receive 83% of combined co.; SCWorx shareholders get 17% on fully diluted basis.
Pre-merger capital raise of up to $6M by American Environmental is a condition to closing.
Combined board: 5 directors – 4 from American Environmental, 1 from SCWorx.
Expected close Q1 2024; subject to NASDAQ approval, due diligence, equity raise, and shareholder approvals.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SCWorx Corp. entered into Agreement and Plan of Merger with American Environmental Partners, Inc. valued at American Environmental shareholders receive shares of SCWorx common stock equal to 83% of combined c (effective 2023-12-22).

Action: entry
Agreement: merger
Counterparty: American Environmental Partners, Inc.
Value: American Environmental shareholders receive shares of SCWorx common stock equal to 83% of combined c
Effective: 2023-12-22

Exact text from the filing

On December 22, 2023, SCWorx entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with American Environmental.

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23 material agreements filed in the last 30 days. Browse all material agreements →

SCWorx Corp. filing history →

Source: SEC EDGAR

accession 0001213900-23-098568

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