SCWorx Corp. Files 8-K on Material Agreement & Equity Sales
Ticker: WORX · Form: 8-K · Filed: Sep 19, 2025 · CIK: 1674227
| Field | Detail |
|---|---|
| Company | Scworx Corp. (WORX) |
| Form Type | 8-K |
| Filed Date | Sep 19, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $0.3496, $721,574, $0.31004 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, filing
TL;DR
SCWorx filed an 8-K detailing a new deal and stock sales. Keep an eye on this.
AI Summary
SCWorx Corp. filed an 8-K on September 19, 2025, reporting on a material definitive agreement and unregistered sales of equity securities. The filing also includes financial statements and exhibits. The company, formerly known as Alliance MMA, Inc., is incorporated in Delaware and headquartered in Tampa, Florida.
Why It Matters
This 8-K filing indicates significant corporate actions, including a material definitive agreement and the issuance of equity, which could impact the company's financial structure and future operations.
Risk Assessment
Risk Level: medium — The filing mentions unregistered sales of equity securities, which can sometimes indicate dilution or financial distress, and a material definitive agreement, the terms of which are not fully detailed in this summary.
Key Players & Entities
- SCWorx Corp. (company) — Registrant
- Alliance MMA, Inc. (company) — Former company name
- September 17, 2025 (date) — Earliest event reported
- September 19, 2025 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- Tampa, FL (location) — Principal executive offices
FAQ
What is the nature of the material definitive agreement reported by SCWorx Corp.?
The filing indicates a material definitive agreement was entered into, but the specific details of this agreement are not provided in the summary information.
What type of equity securities were sold unregistered by SCWorx Corp.?
The filing states there were unregistered sales of equity securities, but the specific type and quantity of these securities are not detailed in the provided summary.
When was SCWorx Corp. formerly known as Alliance MMA, Inc.?
The date of the name change from Alliance MMA, Inc. to SCWorx Corp. was May 10, 2016.
Where are SCWorx Corp.'s principal executive offices located?
SCWorx Corp.'s principal executive offices are located at 100 S Ashley Dr, Suite 600, Tampa, FL 33602.
What is the SIC code for SCWorx Corp.?
The Standard Industrial Classification (SIC) code for SCWorx Corp. is 7374, which falls under SERVICES-COMPUTER PROCESSING & DATA PREPARATION.
Filing Stats: 1,275 words · 5 min read · ~4 pages · Grade level 13.8 · Accepted 2025-09-19 16:15:28
Key Financial Figures
- $0.0001 — stock ("Existing Warrants"), par value $0.0001 per share (the "Common Stock"), of the
- $0.3496 — of Common Stock at an exercise price of $0.3496 per share during the period from the da
- $721,574 — gregate gross proceeds of approximately $721,574 , before deducting fees and other expen
- $0.31004 — Warrants will have an exercise price of $0.31004 per share. The exercise price and the n
Filing Documents
- ea0257925-8k_scworx.htm (8-K) — 31KB
- ea025792501ex4-1_scworx.htm (EX-4.1) — 160KB
- ea025792501ex10-1_scworx.htm (EX-10.1) — 60KB
- 0001213900-25-089543.txt ( ) — 471KB
- worx-20250917.xsd (EX-101.SCH) — 3KB
- worx-20250917_lab.xml (EX-101.LAB) — 33KB
- worx-20250917_pre.xml (EX-101.PRE) — 22KB
- ea0257925-8k_scworx_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On September 17, 2025, SCWorx Corp. (the "Company") entered into a warrant inducement agreements (the "Inducement Agreements") with holders (the "Holders") of certain of the Company's existing warrants to purchase shares of common stock ("Existing Warrants"), par value $0.0001 per share (the "Common Stock"), of the Company. Pursuant to the Inducement Agreements, the Holders agreed to exercise for cash Existing Warrants to purchase up to an aggregate 2,064,000 shares of Common Stock at an exercise price of $0.3496 per share during the period from the date of the Inducement Agreement until 4:00 p.m., Eastern Time, on September 18 2025. Pursuant to the exercise of the Existing Warrants in connection with the Inducement Agreement, the Company has received aggregate gross proceeds of approximately $721,574 , before deducting fees and other expenses payable by us. In consideration of the Holders' agreement to exercise the Existing Warrants in accordance with the Inducement Agreements, the Company agreed to issue new unregistered Warrants (the "New Warrants") to purchase an aggregate of 4,128,000 shares of Common Stock (equal to 200% of the number of shares of Common Stock issued upon exercise of the Existing Warrants) (the "New Warrant Shares"). The New Warrants will be exercisable on or after the date on which approval from the stockholders of the Company (i) as may be required by the applicable rules and regulations of the Nasdaq Stock Market with respect to the exercise of the New Warrants and the issuance of all of the New Warrant Shares upon exercise thereof and (ii) with respect to an increase in the number of the Company's authorized Common Stock (the " Stockholder Approval " and the date of such Stockholder Approval, " Stockholder Approval Date "), and have a term of exercise of five years. The Inducement Agreements contain certain restrictions on the Company's ability to sell additional equity securities u
02 Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities. The disclosure required by this Item is included in Item 1.01 of this Current Report and is incorporated herein by reference. A total of 2,064,000 shares of Common Stock has been issued upon exercise of the Existing Warrants and 4,128,000 shares of Common Stock will be issuable upon exercise of the New Warrants.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. 4.1 Form of New Warrant 10.1 Form of Warrant Inducement Agreement 104 Cover Page Interactive Data File (embedded with the Inline XBRL document). 2
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: September 19, 2025 3