debt
confidence high
sentiment negative
materiality 0.60
SCWorx extends promissory note maturity to May 31 after repeated short extensions
SCWorx Corp.
- Note originally issued April 12, 2024 for $330,000 face, net proceeds $300,000 after $30,000 OID.
- Interest at 5% per annum, secured by all assets; maturity extended from May 10 to May 17, then May 24, now May 31.
- Third amendment on May 24 extends maturity to May 31, 2024, indicating ongoing liquidity management.
- No other material terms changed; total principal and accrued interest remain outstanding.