---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-042522"
form_type: "8-K"
ticker: "WORX"
cik: "0001674227"
company_name: "SCWorx Corp."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T00:57:58.096536+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SCWorx dismisses auditor BF Borgers after SEC bars them; extends promissory note maturity by one week

## Summary
- On May 7, 2024, board terminated BF Borgers as auditor after SEC barred them from practicing on May 3, 2024.
- BF Borgers had audited SCWorx since 2021; no disagreements but material weaknesses in internal controls noted.
- Company expects delay in filing March 31, 2024 quarterly report while searching for new auditor.
- Amended and restated $330,000 promissory note (with $30k OID) to extend maturity from May 10 to May 17, 2024.
- Note bears 5% interest, secured by all assets; original cash received was $300,000.

## SEC filing metadata
- accession: 0001213900-24-042522
- form_type: 8-K
- ticker: WORX
- cik: 0001674227
- company_name: SCWorx Corp.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 4.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674227/000121390024042522/0001213900-24-042522-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674227/000121390024042522/ea0205918-8k_scworx.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-042522
- JSON: https://secwatch.observer/filing/0001213900-24-042522.json
- Plain text: https://secwatch.observer/filing/0001213900-24-042522.txt

## Key facts
- Auditor Changes
  SCWorx Corp. dismissed BF Borgers CPA PC as its auditor.
  - Action: dismissal
  - Auditor: BF Borgers CPA PC
  source text: On May 7, 2024, the board of directors of the SCWorx Corp. (the “Registrant” or “Company”) terminated BF Borgers as the Registrant’s independent registered public accounting firm.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674227/000121390024042522/0001213900-24-042522-index.htm
- Material Agreements
  SCWorx Corp. amended Note with holder of the Note (effective 2024-05-10).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: holder of the Note
  - Effective: 2024-05-10
  source text: On May 10, 2024, the Registrant and the holder of the Note amended and restated the Note to extend the maturity date until May 17, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674227/000121390024042522/0001213900-24-042522-index.htm

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