secwatch.observer — SEC 8-K summary
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Issuer:     SCWorx Corp. (WORX)
CIK:        0001674227
Form:       8-K
Filed at:   2023-12-26T23:59:59+00:00
Accession:  0001213900-23-098568
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674227/000121390023098568/0001213900-23-098568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674227/000121390023098568/ea190680-8k_scworxcorp.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-098568

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