The critical binary catalyst is the October 31, 2026 Nasdaq relisting deadline. If WORX fails to resume Nasdaq trading by then, investors can demand full refund, creating a potential $938,000 cash outflow that would nearly empties the balance. Monitor for Nasdaq determination letters or announcements regarding the listing appeal process. The 90-day segregated account and put option structure suggest this is a bridge financing contingent on a successful uplisting outcome.
Price Chart
Executive Summary
SCWorx Corp. raised $938,000 in gross proceeds via a private placement of 350,000 shares of common stock at $2.68 per share, each accompanied by a warrant to purchase one share at $2.56 (5-year term). The proceeds are locked in a segregated account for 90 days, and investors have a put option to force a refund if Nasdaq listing is not restored by October 31, 2026. The combination of dilutive equity issuance, a Nasdaq delisting risk, and a contingent refund mechanism creates a bearish signal for existing shareholders.
Key Financial Metrics
Key Facts
- Private placement of 350,000 shares + 350,000 warrants at $2.68/unit, gross proceeds $938,000
- Warrant exercise price $2.56, 5-year term, immediately exercisable, cashless exercise available
- Proceeds held in segregated account for 90 days; investors can force refund if Nasdaq not relisted by Oct 31, 2026
- Placement agent Dawson James receives 49,860 fee shares (9.99% of post-closing shares) + 5% cash fee on warrant cash exercises
- 90-day lock-up on further share issuance; 1-year ban on variable-rate transactions
- Company must file S-3 for warrant share resale within 30 days, effective within 60-90 days
- Common stock currently suspended from Nasdaq Capital Market, trading on OTCQB
Financial Impact
$938,000 gross proceeds from 350,000 shares at $2.68; dilution of ~41% based on 49,860 fee shares representing 9.99% of post-closing shares (implying ~499,000 shares outstanding post-closing, so 350,000 new shares = ~70% dilution to pre-offering float).
Risk Factors
- Nasdaq delisting risk: if WORX does not resume trading on Nasdaq by Oct 31, 2026, investors can force a full refund, potentially draining the company of its new cash
- Dilution: 350,000 new shares + 350,000 warrant shares + 49,860 fee shares = ~70%+ dilution to pre-offering float
- Low cash runway: $938,000 is a small absolute amount for a company with Nasdaq listing issues; the refund provision creates a cliff risk
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-102190 |
| Document: ea030627701ex4-1.htm | 0001213900-26-102190 |
| Document: ea0306277-8k_scworx.htm | 0001213900-26-102190 |
| Document: 0001213900-26-102190-index-headers.html | 0001213900-26-102190 |
| Document: 0001213900-26-102190-index.html | 0001213900-26-102190 |
| Document: 0001213900-26-102190.txt | 0001213900-26-102190 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | EFFECT | $2.29 | awaiting T+1 | — | $1.91 (+16.59%) |
Oct 23, 2026 4d ago | S-3/A | $2.19 $2.05 | ▲ +6.39% | ▲ +7.10% | $1.91 (+12.79%) |
Oct 16, 2026 11d ago | S-3 | $1.38 $2.68 | ▼ −94.20% | ▼ −93.78% | $1.91 (−38.41%) |
Oct 5, 2026 22d ago | 8-K | $5.52 $7.25 | ▲ +31.34% | ▲ +30.79% | $1.91 (−65.40%) |
Oct 5, 2026 22d ago | Press Release | $4.00 | awaiting T+1 | — | $1.91 (−52.25%) |
Sep 23, 2026 4w ago | SC 13G | $1.06 $1.06 | · 0.00% | ▼ −0.54% | $1.91 (+80.19%) |
Sep 23, 2026 4w ago | 8-K | $1.06 $1.06 | · 0.00% | ▲ +0.54% | $1.91 (−80.19%) |
Sep 22, 2026 4w ago | 8-K | $2.55 | awaiting T+1 | — | $1.91 (+25.10%) |
Sep 4, 2026 7w ago | 8-K | $1.06 $1.06 | · 0.00% | ▼ −0.46% | $1.91 (−80.19%) |
Aug 6, 2026 11w ago | Press Release | $4.55 $5.50 | ▲ +20.88% | ▲ +20.27% | $1.91 (−58.02%) |
US Market Status
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