---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-033830"
form_type: "8-K"
ticker: "WORX"
cik: "0001674227"
company_name: "SCWorx Corp."
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:43:24.489653+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SCWorx receives Nasdaq delisting notice for late 10-K; issues $330K secured note and faces $502K judgment

## Summary
- Nasdaq notified SCWorx on Apr 17, 2024 for failure to file 10-K by Apr 15 extended due date; company working to complete audit.
- Issued $330K secured promissory note (net $300K after $30K OID), 5% interest, due May 10, 2024, secured by all assets.
- Entered non-binding term sheet for larger financing; note and arbitration judgment expected to be paid from its proceeds.
- Arbitration judgment of ~$502K; vendor agreed not to enforce until May 12, 2024, pending payment from capital raised.

## SEC filing metadata
- accession: 0001213900-24-033830
- form_type: 8-K
- ticker: WORX
- cik: 0001674227
- company_name: SCWorx Corp.
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674227/000121390024033830/0001213900-24-033830-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674227/000121390024033830/ea0204018-8k_scworx.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-033830
- JSON: https://secwatch.observer/filing/0001213900-24-033830.json
- Plain text: https://secwatch.observer/filing/0001213900-24-033830.txt

## Key facts
- Listing & Compliance Notices
  SCWorx Corp. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: late filing
  - Rules: 5250(c)(1)
  source text: April 17, 2024, the Nasdaq Stock Market notified the Registrant that it has failed to satisfy a a standard for continued listing, namely Nasdaq Listing Rule 5250(c)(1), because the Registrant did not file its Annual Report on Form 10-K by the extended due date of April 15, 2024. The Registrant is working with its independent registered public accounting firm to complete the audit of its financial statements as expeditiously as possible, following which the Registrant will promptly file its Annual Report on Form 10-K. The Registrant intends to notify the Nasdaq of this plan to rectify the exist
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674227/000121390024033830/0001213900-24-033830-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.