secwatch.observer — SEC 8-K summary
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Issuer:     SCWorx Corp. (WORX)
CIK:        0001674227
Form:       8-K
Filed at:   2025-09-19T23:59:59+00:00
Accession:  0001213900-25-089543
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674227/000121390025089543/0001213900-25-089543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674227/000121390025089543/ea0257925-8k_scworx.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-089543

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer