SCWorx receives Nasdaq delisting notice, appoints new auditor, extends debt maturity

SCWorx Corp.

Nasdaq notified SCWorx of non-compliance with Listing Rule 5250(c)(1) due to failure to file 10-Q and 10-K.
Company dismissed BF Borgers as auditor after SEC order; appointed Astra Audit and Advisory on May 16.
Promissory note of $330,000 extended to May 24, 2024; $30K original issue discount, 5% interest.
Arbitration award judgment of ~$502K obtained by vendor; vendor agreed not to enforce until June 3.
Company expects to file delinquent reports within 60 days but provides no assurance.

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