secwatch.observer — SEC 8-K summary
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Issuer:     SCWorx Corp. (WORX)
CIK:        0001674227
Form:       8-K
Filed at:   2024-06-07T23:59:59+00:00
Accession:  0001213900-24-050686
Event type: litigation
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

SCWorx extends promissory note maturity to June 14; faces $502K arbitration judgment
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- Note $330K face ($300K cash), 5% interest, secured; maturity extended repeatedly from May 10 to June 14, 2024.
- Arbitration award of ~$462K to vendor; judgment obtained for ~$502K including interest.
- Company intends to satisfy judgment with capital raised or common stock.
- Vendor agreed not to enforce judgment until June 13, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674227/000121390024050686/0001213900-24-050686-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674227/000121390024050686/ea0207525-8k_scworx.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-050686

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer