other material
confidence high
sentiment neutral
materiality 0.65
SCWorx closes $938K private placement; shares sold at $2.68 with warrants
SCWorx Corp.
- 350,000 shares sold at $2.68 per share with warrants to buy 350,000 shares at $2.56; gross proceeds $938,000.
- Warrants exercisable immediately, expire in 5 years; cashless exercise permitted if registration not effective.
- Dawson James as placement agent gets 49,860 fee shares plus 5% cash fee on offering proceeds.
- Proceeds held in segregated account for 90 days; investors can demand refund if Nasdaq trading not resumed by Oct 31, 2026.