SCWorx Corporation (WORX)

[Craig305]

New York, NY, Nov. 20, 2024 (GLOBE NEWSWIRE) -- SCWorx Corp (the “Company”), on November 19th, 2024 completed an equity financing with institutional investors (the “Institutional Investors” or “Investors”). 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 “SEC”).

SCWorx expects to use net proceeds from the financing for working capital and general corporate purposes to support its future growth.