SCWorx sells 350,000 shares and warrants in $938,000 private placement
On September 16, 2026, SCWorx closed a private placement of 350,000 shares of common stock, each sold with a warrant, to ten accredited investors at $2.68 per share and warrant, for gross proceeds of $938,000 before offering expenses. The filing says the company's shares are not currently trading on The Nasdaq Capital Market, and if trading does not resume by October 31, 2026, purchasers can require the company to return their subscription amounts, which would reverse the sale.
Key points
- 350,000 shares and 350,000 warrants sold at $2.68 per share and accompanying warrant; gross proceeds $938,000; closed September 16, 2026.
- Warrants have an exercise price of $2.56 per share, are exercisable immediately and expire on the fifth anniversary of the initial exercise date.
- Placement agent Dawson James Securities receives 49,860 fee shares and a cash fee of 5.0% of gross proceeds, plus expenses up to $50,000.
- Purchasers may require cash repayment of their subscription amounts if the stock does not resume trading on Nasdaq by October 31, 2026.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.