SCWorx extends promissory note maturity to July 12; plans stock issuance to settle $502K arbitration award

SCWorx Corp.

Promissory note of $330K face ($300K cash), 5% interest, secured by all assets, maturity extended weekly to July 12, 2024.
Arbitration award of ~$502K (including interest) owed to vendor; vendor had agreed to non-enforcement until June 13, 2024.
Company anticipates settling arbitration judgment via issuance of common stock; definitive agreement expected soon.
Vendor currently has right to enforce judgment but company does not anticipate enforcement while settlement pending.

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