secwatch.observer — SEC 8-K summary
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Issuer:     SCWorx Corp. (WORX)
CIK:        0001674227
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0001213900-24-111752
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

SCWorx shareholders approve reverse stock split authorization up to 1:15
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- All 8 proposals passed at Dec 23, 2024 annual meeting; directors elected with >90% support.
- Proposal 8 authorizes board to effect reverse split at ratio between 1:2 and 1:15 if Nasdaq bid price falls below $1.00.
- Proposals 4-7 authorize issuance of shares exceeding 20% of outstanding common stock (notes/warrants) below minimum price.
- Ratification of Astra Audit & Advisory as independent auditor for FY2024 approved with 953,966 votes for.
- Advisory vote on executive compensation passed (495,411 for, 28,751 against).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674227/000121390024111752/0001213900-24-111752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674227/000121390024111752/ea0225735-8k_scworxcorp.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-111752

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