other material
confidence high
sentiment neutral
materiality 0.35
SCWorx raises $200k via sale of common stock and warrants to accredited investors
SCWorx Corp.
- Sold 232,558 shares of common stock and warrants to purchase up to 232,558 additional shares at $0.86 per share.
- Gross proceeds of $200,000; warrants immediately exercisable, expire in 5 years with full-ratchet anti-dilution.
- Issued to accredited investors under Section 4(a)(2) exemption; proceeds for working capital and general corporate purposes.
- Warrants include beneficial ownership limitation of 4.99% (or 9.99% at investor election) and cashless exercise provision.