SCWorx raises USD 938,000 in private placement of 350,000 shares with warrants
WORX•Offering restrictions
SCWorx agreed to a 90-day issuance blackout for common stock or equivalents, and variable-rate transactions are restricted for one year.
Private placement details
SCWorx entered a private placement with 10 accredited investors on Sept. 16, 2026, issuing 350,000 common shares with 350,000 warrants.
Pricing was set at USD 2.68 per share with the accompanying warrant, and gross proceeds totaled USD 938,000 before offering expenses.
Warrant terms and resale registration
The warrants carry a USD 2.56 exercise price, are exercisable immediately, and expire five years from the initial exercise date.
The company said it will file a Form S-3 to register resale of the warrant shares within 30 days and targets effectiveness within 60 days.
