secwatch.observer — SEC 8-K summary
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Issuer:     SCWorx Corp. (WORX)
CIK:        0001674227
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001213900-24-047923
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

SCWorx extends promissory note maturity to May 31 after repeated short extensions
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674227/000121390024047923/0001213900-24-047923-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674227/000121390024047923/ea0207118-8k_scworx.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-047923

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