SCWorx Announces Equity Financing with Institutional Investors
SCWorx Corp. entered a securities purchase agreement with institutional and accredited investors for a private placement generating approximately $938,000 in gross proceeds, selling 350,000 units at $2.68 each, with each unit comprising a share of common stock and a five-year warrant exercisable at $2.56. The financing is designed to restore Nasdaq listing compliance: Nasdaq trading has been suspended since April 14, 2026 and the stock now quotes on OTCQB, and the company must meet a 500,000 publicly held share requirement plus a closing bid of at least $1.00 for ten consecutive trading days by the October 5, 2026 Nasdaq Hearings Panel deadline or it expects delisting.
Key figures
- Shares sold
- 350000
- Warrant term
- five years
- Gross proceeds
- 938000
- Warrant shares
- 350000
- Escrow release date
- November 30, 2026
- Placement agent shares
- 50000
- Warrant exercise price
- 2.56
- Purchase price per unit
- 2.68
- Trading suspended since
- April 14, 2026
- Exercised warrant shares
- 50000
- Min bid price requirement
- $1.00 for 10 consecutive trading days
- Investor put back deadline
- October 31, 2026
- Nasdaq compliance deadline
- October 5, 2026
- Publicly held shares requirement
- 500000
AI analysis
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