SCWorx Trims Resale Shelf to 8.25M Shares, Down From 13.1M
WORX has more than doubled off its 52-week low of $1.07 on light trading volume (0.1× avg).
Summary
SCWorx cut the warrant shares in its resale registration from 12.9M to 7.85M, leaving 8.25M shares registered for selling holders — about six times its 1.39M shares outstanding — with no proceeds to the company unless warrants are exercised for cash.
Key Events · Financing and Capital Events · WORX
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Resale Shelf Reduced to 8.25M Shares
Amendment No. 1 registers 399,860 outstanding shares plus up to 7,853,492 warrant shares, down from the 12,949,392 warrant shares in the October 16, 2026 S-3.
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Overhang Still Roughly Six Times Shares Outstanding
8,253,352 registered shares versus 1,387,099 shares outstanding as of October 22, 2026; the company receives no proceeds from selling-stockholder sales.
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Warrant Resets Could Add More Shares
All warrant series except the September Warrants contain provisions that may reduce the exercise price and increase shares issuable, per the risk factors.
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Up to $20.1M Only If Warrants Exercised for Cash
The company may receive up to approximately $20.1 million in gross proceeds if all warrants are exercised for cash; cashless exercises yield nothing.
Analysis · WORX · Technology
SCWorx amended its October 16 resale registration to cut the warrant shares covered from 12,949,392 to 7,853,492, so the shelf now covers 8,253,352 shares — still roughly six times the 1,387,099 shares outstanding as of October 22, 2026. The company receives no proceeds from selling-stockholder sales; it only collects warrant exercise prices, up to about $20.1 million if every warrant is exercised for cash, and several warrant series carry exercise-price reset provisions that can increase the share count further. Against a $1.26 million cash balance reported for Q2 and a Nasdaq listing that survived a delisting fight only on October 2, 2026, the overhang matters more than the reduction: the selling holders include Iroquois, Aramas, Pinz and other funds that can sell into the market at any time once the registration is effective.
How filings like this one have moved
In the 30 days to Oct 23, 2026, 29.5% of the 1575 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.19%. 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 $2.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.4M. The 52-week trading range was $1.07 to $147.74. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.