SCWorx Registers 13.1M-Share Resale Overhang, 18x Current Share Count
WORX is trading near its 52-week low of $1.71 (1.8% above the low) on elevated volume (26× avg).
Summary
SCWorx registered up to 13.1M shares for resale — roughly 18.7x its 742,099 outstanding shares — from warrants and the September placement, a massive overhang on a stock near its 52-week low just after regaining Nasdaq compliance.
Key Events · Financing and Capital Events · WORX
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13.1M Shares Registered for Resale
S-3 covers 399,860 outstanding shares plus up to 12,599,393 warrant shares from the July 2024, November 2024, January 2025, September 2025 and September 2026 financings.
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Overhang Is ~18.7x Current Share Count
742,099 shares outstanding as of October 9, 2026 versus 13,841,352 on a fully-exercised basis (13,841,352 / 742,099 = ~18.7x).
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Up to $32.5M If Warrants Exercised
Company receives no proceeds from selling-stockholder sales; it may collect up to ~$32.5M gross only if all warrants are exercised for cash, and some may be cashless.
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Warrant Ratchets Can Deepen Dilution
All warrants except the September Warrants contain provisions that may reduce the exercise price and increase shares issuable, per the filing's risk factors.
Analysis · WORX · Technology
SCWorx registered for resale up to 13,099,253 shares — 399,860 already outstanding and up to 12,599,393 issuable on outstanding warrants — against just 742,099 shares outstanding as of October 9, 2026. If every registered share were issued, the share count would rise to 13,841,352, roughly 18.7x today's count (13,841,352 / 742,099), so the overhang is enormous relative to the current float. The company receives no proceeds from the selling stockholders' sales; it would only collect up to about $32.5M if all warrants were exercised for cash, and the warrants other than the September Warrants carry exercise-price reduction and share-count increase provisions that can deepen dilution. This lands while the stock trades near its 52-week low of $1.71 and just days after Nasdaq reversed the delisting — the company itself warns that losing the listing would make it ineligible to use Form S-3. The registration does not mean shares have been sold; each tranche still requires a prospectus supplement, so watch 424B filings for actual selling.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 38.3% of the 891 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.41%. 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 $1.74 on NASDAQ in the Technology sector, with a market capitalization of approximately $957K. The 52-week trading range was $1.71 to $147.74. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.