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.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

SCWorx Corp. issued New Warrants to purchase an aggregate of 4,128,000 shares of Common Stock of warrant to the Holders.

Security: warrant
Shares: New Warrants to purchase an aggregate of 4,128,000 shares of Common Stock
Purchaser: the Holders

Exact text from the filing

the Company agreed to issue new unregistered Warrants (the “New Warrants”) to purchase an aggregate of 4,128,000 shares of Common Stock

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

SCWorx Corp. issued 2,064,000 shares of Common Stock of common stock to the Holders for $0.3496 per share, aggregate gross proceeds of approximately $721,574.

Security: common stock
Shares: 2,064,000 shares of Common Stock
Purchaser: the Holders
Consideration: $0.3496 per share, aggregate gross proceeds of approximately $721,574

Exact text from the filing

to the Inducement Agreements, the Holders agreed to exercise for cash Existing Warrants to purchase up to an aggregate 2,064,000 shares of Common Stock at an exercise price of $0.3496 per share during the period from the date of the Inducement Agreement until 4:00 p.m., Eastern Time, on September 18 2025. Pursuant to the exercise of the Existing Warrants in

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SCWorx Corp. filing history →

Source: SEC EDGAR

accession 0001213900-25-089543

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