SCWorx raises ~$722k via warrant exercise inducement; issues new warrants for 4.13M shares

SCWorx Corp.

Existing warrant holders exercised 2,064,000 shares at $0.3496, generating gross proceeds of ~$721,574.
New warrants issued for 4,128,000 shares (200% of exercised) at $0.31004, exercisable after stockholder approval for 5 years.
New warrants have a 4.99% beneficial ownership limitation and include registration rights for resale.
Company restricted from selling additional equity for 90 days after stockholder approval.
Net proceeds to be used for working capital and general corporate purposes.

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