SCWorx Corp. (WORX) Form S-3 — Oct 16, 2026
SCWorx Corp. filed a Form S-3 registering the resale of up to 13,099,253 shares of common stock by selling stockholders — including 399,860 outstanding shares and up to 12,599,393 shares issuable upon exercise of outstanding warrants tied to convertible note financings and a September 2026 placement. The company will receive no proceeds from these sales, though it could receive up to approximately $32.5 million if all warrants are exercised for cash. The registered resale shares dwarf the company's current capitalization: only 742,099 shares were outstanding as of October 9, 2026, so full warrant exercise would expand the share count to roughly 13.8 million — an enormous dilution overhang.
Key figures
- Gross Proceeds
- $32.5 million potential to company if all warrants exercised for cash
- Offering Price
- $2.01 (last reported Nasdaq sale price on October 15, 2026)
- Shares Offered
- 13,099,253 (resale by selling stockholders; no proceeds to company)
- Shares Outstanding
- 742,099 (as of October 9, 2026)
- Total fee
- $2,977.32
- Reverse split 1
- 1-for-15 (April 2026)
- Reverse split 2
- 1-for-12 (effective August 3, 2026)
- Placement agent shares
- 49,860 (Dawson James Securities)
- Registered fee shares common
- 399,860
- Registered fee warrant rights
- 12,949,392
- Shares outstanding after offering
- 13,841,352
AI analysis
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