SCWorx Raises $938K in Private Placement with Warrants, Nasdaq Relisting Contingency
WORX is trading near its 52-week low of $2.3 (13% above the low) on light trading volume (0.1× avg).
Summary
SCWorx raised $938K in a private placement of 350K shares plus 350K warrants at $2.68/unit, with proceeds escrowed pending Nasdaq relisting by October 31, 2026. Placement agent Dawson James receives 49,860 fee shares (9.99% of post-closing shares) plus cash fees.
Key Events · Financing and Capital Events · WORX
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Private Placement Closed
Sold 350,000 shares with 350,000 attached warrants at $2.68 per unit for $938,000 gross proceeds on September 16, 2026.
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Warrant Terms
Warrants exercisable at $2.56 per share for 5 years, with 4.99%/9.99% beneficial ownership blockers and cashless exercise if no effective registration.
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Nasdaq Relisting Contingency
Proceeds held in segregated account for 90 days; purchasers can demand full refund if stock does not resume Nasdaq trading by October 31, 2026 or a delisting determination is received.
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Placement Agent Compensation
Dawson James receives 49,860 fee shares (9.99% of post-closing outstanding), 5% cash fee on placement and warrant exercises, 6% on subsequent offerings, plus up to $50,000 expense reimbursement.
Analysis · WORX · Technology
SCWorx closed a $938,000 private placement on September 16, 2026, selling 350,000 shares with attached warrants at $2.68 per unit. The deal is structured around the company's ongoing Nasdaq compliance fight: proceeds sit in a segregated account for 90 days, and investors can force a full refund if the stock does not resume trading on Nasdaq by October 31, 2026. The placement agent receives 49,860 fee shares — equal to 9.99% of the post-closing share count — plus a 5% cash fee, making the total cost of capital substantial. Against a backdrop of a July delisting notice and a 1-for-12 reverse split in August, this financing is survival capital with meaningful dilution and a hard deadline tied to the listing outcome.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.3% of the 1065 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WORX was trading at $2.61 on OTC in the Technology sector, with a market capitalization of approximately $234K. The 52-week trading range was $2.30 to $1,772.82. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.