SCWorx Corp. (WORX) Form 424B3 — Oct 27, 2026
SCWorx filed a 424B3 prospectus registering resale of up to 8,253,352 shares — 399,860 outstanding shares plus up to 7,853,492 warrant shares tied to 2024-2026 convertible note financings and the September 2026 placement. The company receives no proceeds from resales. The registered shares are roughly six times the 1,387,099 shares outstanding as of October 21, 2026, and most warrants carry price-reset provisions that could increase dilution further. Potential cash proceeds of up to ~$20.1 million depend on cash exercises, which are not assured.
Key figures
- Gross Proceeds
- up to ~$20.1M if all warrants exercised for cash (company receives no resale proceeds)
- Offering Price
- 2.61
- Shares Offered
- 8253352
- Shares Outstanding
- 1,387,099 before; 9,240,591 after assuming full warrant exercise
AI analysis
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