EX-4.1 2 ea025792501ex4-1_scworx.htm FORM OF NEW WARRANT Exhibit 4.1 [FORM OF COMMON WARRANT] NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL TO THE HOLDER (IF REQUESTED BY THE COMPANY), IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD OR ELIGIBLE TO BE SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES. THE NUMBER OF SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT MAY BE LESS THAN THE AMOUNTS SET FORTH ON THE FACE HEREOF PURSUANT TO SECTION 1(a) OF THIS WARRANT. SCWORX CORP. Warrant To Purchase Comm…
Open exhibit ↗Current Report · Items 1.01, 3.02, 9.01 · 8-K
SCWorx Corp.
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities
Item 1.01 Entry into a Material Definitive Agreement. On September 17, 2025, SCWorx Corp. (the “Company”) entered into a warrant inducement agreements (the “Inducement Agreements”) with holders (the “Holders”) of certain of the Company’s existing warrants to purchase shares of common stock (“Existing Warrants”), par value $0.0001 per share (the “Common Stock”), of the Company.…
Company context
SCWorx is a provider of data content and services related to the repair, normalization and interoperability of information for healthcare providers and big data analytics for the healthcare industry.
Current securities
Recent company filings
- Entry into a Material Definitive Agreement · Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing · Regulation FD DisclosureOct 5, 2026
- SCHEDULE 13G - filed by INTRACOASTAL CAPITAL, LLC regarding SCWorx Corp.Sep 23, 2026
- Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing · Other EventsSep 23, 2026
- Entry into a Material Definitive Agreement · Unregistered Sales of Equity SecuritiesSep 22, 2026
- Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingSep 4, 2026
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01
Entry into a Material Definitive Agreement.
On September 17, 2025, SCWorx Corp. (the “Company”) entered
into a warrant inducement agreements (the “Inducement Agreements”) with holders (the “Holders”) of certain of
the Company’s existing warrants to purchase shares of common stock (“Existing Warrants”), par value $0.0001 per share
(the “Common Stock”), of the Company. Pursuant to the Inducement Agreements, the Holders agreed to exercise for cash Existing
Warrants to purchase up to an aggregate 2,064,000 shares of Common Stock at an exercise price of $0.3496 per share during the period from
the date of the Inducement Agreement until 4:00 p.m., Eastern Time, on September 18 2025. Pursuant to the exercise of the Existing Warrants
in connection with the Inducement Agreement, the Company has received aggregate gross proceeds of approximately $721,574, before deducting
fees and other expenses payable by us.
In consideration of the Holders’ agreement to exercise the Existing
Warrants in accordance with the Inducement Agreements, the Company agreed to issue new unregistered Warrants (the “New Warrants”)
to purchase an aggregate of 4,128,000 shares of Common Stock (equal to 200% of the number of shares of Common Stock issued upon exercise
of the Existing Warrants) (the “New Warrant Shares”). The New Warrants will be exercisable on or after the date on which approval
from the stockholders of the Company (i) as may be required by the applicable rules and regulations of the Nasdaq Stock Market with respect
to the exercise of the New Warrants and the issuance of all of the New Warrant Shares upon exercise thereof and (ii) with respect to an
increase in the number of the Company’s authorized Common Stock (the “Stockholder Approval” and the date of such
Stockholder Approval, “Stockholder Approval Date”), and have a term of exercise of five years.
The Inducement Agreements contain certain restrictions on the Company’s
ability to sell additional equity securities until ninety days after the Stockholder Approval Date.
The Company agreed in the Inducement Agreements to file a registration
statement on Form S-1 to register the resale of the New Warrant Shares upon exercise of the New Warrants (the “Resale Registration
Statement”) and to use commercially reasonable efforts to have such Resale Registration Statement declared effective by the Securities
and Exchange Commission (“Commission”) within sixty (60) calendar days following the Stockholder Approval Date(or ninety (90)
calendar days following the Stockholder Approval Date in the event of a ‘full review’ by the Commission) and to keep the Resale
Registration Statement effective at all times until no holders of the New Warrants owns any New Warrants or New Warrant Shares. In the
event that the Company fails to comply with the Inducement Agreement with respect to (i) the filing of the Resale Registration Statement
with the SEC or causing it to become effective under the Securities Act or (ii) delivery to the Holders the New Warrant Shares without
restrictive legends, the Company will be obligated agreed to pay certain liquidated damages to the Holder.
The Company expects to use the net proceeds from these transactions
for working capital, and other general corporate purposes.
The New Warrants will have an exercise price of $0.31004 per share.
The exercise price and the number of shares of Common Stock issuable upon exercise of each New Warrant are subject to appropriate adjustments
in the event of certain stock dividends and distributions, stock splits, stock combinations, reclassifications or similar events affecting
the Common Stock. In addition, in certain circumstances, upon a fundamental transaction, a holder of New Warrants will be entitled to
receive, upon exercise of the New Warrants, the kind and amount of securities, cash or other property that such holder would have received
had they exercised the New Warrants immediately prior to the fundamental transaction.
The Company may not effect the exercise of New Warrants, and the applicable
Holders will not be entitled to exercise any portion of any such New Warrants, which, upon giving effect to such exercise, would cause
the aggregate number of shares of Common Stock beneficially owned by the holder of such New Warrant (together with its affiliates) to
exceed 4.99%, of the number of shares of Common Stock outstanding immediately after giving effect to the exercise, as such percentage
ownership is determined in accordance with the terms of such New Warrants.
The foregoing descriptions of the Inducement Agreements and the New
Warrants do not purport to be complete and are qualified in their entirety by reference to the full text of the form of Inducement Agreement
and form of New Warrant, which are filed as Exhibits 10.1and 4.1, respectively, to this Current Report on Form 8-K and incorporated
herein by reference.
The securities described herein have not been registered under the
Securities Act of 1933, as amended (the “Securities Act”), and were issued pursuant to an exemption from registration contained
in Regulation D promulgated under such Act. The securities may not be sold in the United States absent registration or an applicable exemption
from the registration requirements.
The resale of the shares of Common Stock issuable upon exercise of
the Existing Warrants has been registered under the Securities Act.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item 3.02 Unregistered Sales of Equity Securities.
The disclosure required by this Item is included in Item 1.01 of
this Current Report and is incorporated herein by reference.
A total of 2,064,000 shares of Common Stock has been issued upon exercise
of the Existing Warrants and 4,128,000 shares of Common Stock will be issuable upon exercise of the New Warrants.
Item 9.01. Financial Statements and Exhibits.
4.1 Form of New Warrant
10.1 Form of Warrant Inducement Agreement
104 Cover Page Interactive Data File (embedded with the Inline XBRL document).