---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-059403"
form_type: "8-K"
ticker: "WORX"
cik: "0001674227"
company_name: "SCWorx Corp."
filed_at: "2024-07-05T23:59:59+00:00"
generated_at: "2026-05-31T23:21:53.847361+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-059403
- form_type: 8-K
- ticker: WORX
- cik: 0001674227
- company_name: SCWorx Corp.
- filed_at: 2024-07-05T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674227/000121390024059403/0001213900-24-059403-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674227/000121390024059403/ea0209014-8k_scworx.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-059403
- JSON: https://secwatch.observer/filing/0001213900-24-059403.json
- Plain text: https://secwatch.observer/filing/0001213900-24-059403.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.