secwatch.observer — SEC 8-K summary
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Issuer:     SCWorx Corp. (WORX)
CIK:        0001674227
Form:       8-K
Filed at:   2024-06-24T23:59:59+00:00
Accession:  0001213900-24-055090
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

SCWorx extends promissory note to June 28; plans stock settlement of $502K arbitration award
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- Promissory note amended weekly; latest maturity June 28, 2024; original $330K face ($300K cash), 5% interest, secured by all assets.
- Arbitration award of ~$502K due to vendor; judgment enforceable since June 13, but company expects stock-based settlement.
- Plans definitive agreement to issue common shares to satisfy judgment; vendor not expected to enforce pending settlement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674227/000121390024055090/0001213900-24-055090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674227/000121390024055090/ea0208367-8k_scworx.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-055090

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