secwatch.observer — SEC 8-K summary
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Issuer:     SCWorx Corp. (WORX)
CIK:        0001674227
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001213900-24-101714
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SCWorx raises $200k via sale of common stock and warrants to accredited investors
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674227/000121390024101714/0001213900-24-101714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674227/000121390024101714/ea0222374-8k_scworx.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-101714

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