---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-061487"
form_type: "8-K"
ticker: "WORX"
cik: "0001674227"
company_name: "SCWorx Corp."
filed_at: "2024-07-16T23:59:59+00:00"
generated_at: "2026-05-31T20:31:12.534942+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001213900-24-061487
- form_type: 8-K
- ticker: WORX
- cik: 0001674227
- company_name: SCWorx Corp.
- filed_at: 2024-07-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674227/000121390024061487/0001213900-24-061487-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674227/000121390024061487/ea0209459-8k_scworx.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-061487
- JSON: https://secwatch.observer/filing/0001213900-24-061487.json
- Plain text: https://secwatch.observer/filing/0001213900-24-061487.txt

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