SCWorx Corp. Signs Material Definitive Agreement
Ticker: WORX · Form: 8-K · Filed: Jun 24, 2024 · CIK: 1674227
| Field | Detail |
|---|---|
| Company | Scworx Corp. (WORX) |
| Form Type | 8-K |
| Filed Date | Jun 24, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $330,000, $300,000, $30,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, corporate-action
TL;DR
SCWorx just signed a big deal, filing shows.
AI Summary
SCWorx Corp. entered into a material definitive agreement on June 14, 2024. The company, formerly known as Alliance MMA, Inc., is incorporated in Delaware and has its principal executive offices in New York City.
Why It Matters
This filing indicates a significant new contract or partnership for SCWorx Corp., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The nature of the material definitive agreement is not specified, leaving uncertainty about its terms and potential impact.
Key Players & Entities
- SCWorx Corp. (company) — Registrant
- Alliance MMA, Inc. (company) — Former company name
- June 14, 2024 (date) — Date of earliest event reported
- 590 Madison Avenue (location) — Principal executive offices address
- New York (location) — Principal executive offices city and state
FAQ
What is the nature of the material definitive agreement entered into by SCWorx Corp.?
The filing does not specify the details of the material definitive agreement, only that one was entered into on June 14, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on June 14, 2024.
What was SCWorx Corp.'s former company name?
SCWorx Corp.'s former company name was Alliance MMA, Inc.
Where are SCWorx Corp.'s principal executive offices located?
SCWorx Corp.'s principal executive offices are located at 590 Madison Avenue, 21st Floor, New York, New York 10022.
Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 574 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-06-21 18:44:04
Key Financial Figures
- $330,000 — d promissory note in the face amount of $330,000, in exchange for which it received cash
- $300,000 — which it received cash in the amount of $300,000 ("Note"). In addition to the original i
- $30,000 — ition to the original issue discount of $30,000, the note bears interest at the rate of
Filing Documents
- ea0208283-8k_scworx.htm (8-K) — 25KB
- 0001213900-24-054928.txt ( ) — 190KB
- worx-20240614.xsd (EX-101.SCH) — 3KB
- worx-20240614_lab.xml (EX-101.LAB) — 33KB
- worx-20240614_pre.xml (EX-101.PRE) — 22KB
- ea0208283-8k_scworx_htm.xml (XML) — 3KB
01. ENTRY INTO A MATERIAL DEFINITIVE
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT Amendment and Restatement of Outstanding Promissory Note As previously reported, on April 12, 2024, SCWorx Corp. (the "Registrant") issued a secured promissory note in the face amount of $330,000, in exchange for which it received cash in the amount of $300,000 ("Note"). In addition to the original issue discount of $30,000, the note bears interest at the rate of 5% per annum, is secured by all the Registrant's assets and was due and payable May 10, 2024. On May 10, 2024, the Registrant and the holder of the Note amended and restated the Note to extend the maturity date until May 17, 2024. On May 17, 2024, the Registrant and the holder of the Note amended and restated the Note to further extend the maturity date until May 24, 2024. On May 24, 2024, the Registrant and the holder of the Note amended and restated the Note to further extend the maturity date until May 31, 2024. On May 31, 2024, the Registrant and the holder of the Note amended and restated the Note to further extend the maturity date until June 7, 2024. On June 7, the Registrant and the holder of the Note amended and restated the Note to further extend the maturity date until June 14, 2024. On June 14, the Registrant and the holder of the Note amended and restated the Note to further extend the maturity date until June 21, 2024 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SCWorx Corp. By: /s/ Timothy Hannibal Timothy Hannibal CEO Dated: June 21, 2024 2