SCWorx issues $1.155M senior secured convertible notes and warrants, settles $502K arbitration award with stock

SCWorx Corp.

Aggregate $1,155,000 principal in senior secured convertible notes sold to accredited investors; initial conversion price $1.43/share.
Warrants to acquire up to 4,846,158 shares at $1.43 (Series A) and $1.573 (Series B/C), exercisable for 5 years.
Proceeds: $825,000 cash plus exchange of $330,000 bridge note; used for working capital and expenses.
$502,000 arbitration award satisfied by common stock issuance; vendor included in registration statement.
Notes mature Jan 15, 2025 or Dec 31, 2025 depending on filing and Nasdaq compliance; interest 10% (18% default).

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