SCWorx raises $1.5M via secured convertible notes and warrants

SCWorx Corp.

Issued $1.5M senior secured convertible notes (10% interest, maturity Jan 21, 2027) to accredited investors.
Warrants for up to 7.2M shares: Series A at $1.25, Series B/C at $1.375, exercisable for 5 years.
Notes secured by first-priority lien on substantially all assets; full-ratchet anti-dilution on conversion price.
Proceeds for operating expenses and working capital; company previously missed registration deadline, incurring penalties.
Shareholder approval required under Nasdaq Rule 5635 for warrant share issuance beyond 4.5M previously authorized.

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