Craig305
2 days ago
NEW YORK, N.Y., Nov. 20, 2024 (GLOBE NEWSWIRE) -- SCWorx Corp. (Nasdaq: WORX) (the βCompanyβ), a provider of data management services to healthcare providers, announced today that it has regained compliance with The Nasdaq Stock Marketβs (βNasdaqβ) continued listing requirements regarding periodic reporting.
On April 17, May 17, and August 19, 2024, Nasdaq notified the Company that it no longer met the Nasdaqβs periodic filing requirement under Listing Rule 5250(c)(1) (the βRuleβ).
In a letter dated October 14, 2024, Nasdaq indicated that based on the September 24, October 10, and October 11, 2024, filing of the Companyβs Form 10-K for the year ended December 31, 2023, and Forms 10-Q for the periods ended March 31, and June 30, 2024, respectively, Staff had determined that the Company complies with the Rule and that the matter was now closed.
At this time, all deficiencies of which the Company has been notified have been rectified, and Nasdaq considers these matters closed. As such, the Companyβs common stock continues to be listed and trading on Nasdaq under the symbol βWORXβ.
Craig305
2 days ago
New York, NY, Nov. 20, 2024 (GLOBE NEWSWIRE) -- SCWorx Corp (the βCompanyβ), on November 19th, 2024 completed an equity financing with institutional investors (the βInstitutional Investorsβ or βInvestorsβ). In connection with the funding, the Company sold an aggregate of 232,558 shares of common stock and warrants to purchase the same number of shares of common stock, for aggregate gross proceeds of $200,000.
The Company will be registering for resale the shares of common stock and warrant shares with U.S. Securities and Exchange Commission (the βSECβ).
SCWorx expects to use net proceeds from the financing for working capital and general corporate purposes to support its future growth.
Craig305
8 months ago
8-K released by WORX
Termination of Merger Agreement
On December 22, 2023, SCWorx entered into a definitive Agreement and Plan of Merger (the βMerger Agreementβ) with American Environmental. The material terms of the
proposed merger were disclosed in the Form 8-K filed December 26, 2023.
On March 26, 2024, the parties agreed by mutual consent to terminate the Merger Agreement.
Therefore, the previously proposed merger will not take place, and SCWorx and American Environmental will each continue to operate as separate and independent businesses.
Craig305
9 months ago
I don't see that $9 being possible with the pending merger.
Under the Agreement, the Company has agreed to merge its wholly-owned subsidiary in American Environmental, with American Environmental as the surviving company in the merger. As merger consideration for their shares, American Environmental shareholders will receive shares of SCWorx common stock equal to 83% of the combined Company, on a fully diluted basis, after giving effect to a pre-merger capital raise of up to $6 million by American Environmental, which is a condition to completion of the Agreement. Therefore, SCWorx shareholders will own 17% of the combined company on a fully-diluted basis after the merger.
81vette
9 months ago
today,first weekly macd bullish,since 1 for 15 oct 11th,indicates this could be a good post r/s play starting,gross profiting(not net profit yet),sales 4m,debt 477k,book pps 5.16,mkt cap 1.88m
81vette
9 months ago
13,484 watchers,jan.24th was a pick by t s p (100k followers) i think this is going to be replayed/promoted again,lots of eyes to start buying and with this low float it could run quick,chart is ideal right now,bullish start yesterday,buying vol and surges increasing last 10days