SCHEDULE: SCWorx Corp. Beneficial Ownership Filing

SCWorx Corp. has filed a Schedule 13G detailing beneficial ownership changes, with Iroquois Capital Management LLC, Richard Abbe, and Kimberly Page collectively holding significant stakes.

Summary

• This filing is an amendment to a Schedule 13G for SCWorx Corp., indicating changes in beneficial ownership.
• The reporting persons are Iroquois Capital Management LLC, Richard Abbe, and Kimberly Page.
• Richard Abbe is identified as a controlling person for Iroquois Capital Management LLC and has sole investment authority for Iroquois Capital Investment Group LLC.
• The filing details ownership of Common Stock and Warrants to purchase Common Stock.
• Beneficial ownership is reported considering 'Beneficial Ownership Blockers' which limit the exercise of warrants to 4.99% or 9.99% of the outstanding common stock.
• As of March 31, 2026, the total outstanding common stock was reported as 15,999,423 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is a routine disclosure of beneficial ownership and does not provide new operational or financial performance information.

Positives

• Richard Abbe, through his entities, holds a significant beneficial ownership of 9.6% of SCWorx Corp. common stock.
• Iroquois Capital Management LLC and Kimberly Page each hold a beneficial ownership of 4.6% of SCWorx Corp. common stock.

Negatives

• The exercise of a substantial number of warrants is restricted by Beneficial Ownership Blockers, limiting the ability to acquire more shares.
• The filing does not provide specific financial performance data, focusing solely on ownership.

Risks

• The Beneficial Ownership Blockers may prevent the reporting persons from exercising their full warrant holdings, potentially limiting their influence or investment upside.
• The reliance on warrant exercise for a significant portion of ownership introduces a layer of complexity and potential for unexercised rights.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on current beneficial ownership as of a specific date.

Management Comments

• Each Reporting Person disclaims beneficial ownership over the securities listed except to the extent of their pecuniary interest therein.
• The shares reported give effect to Beneficial Ownership Blockers, meaning not all warrants could be exercised due to ownership percentage limitations.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard for institutional investors and significant shareholders to disclose their holdings. The presence of 'Beneficial Ownership Blockers' is a common feature in warrant agreements designed to comply with regulatory ownership thresholds.

Stakeholder Impact

• Shareholders: The filing clarifies the significant ownership stake held by Iroquois Capital Management LLC, Richard Abbe, and Kimberly Page, which could influence future corporate actions or governance.
• Creditors: No direct impact on creditors is indicated by this ownership disclosure.

Next Steps

• No specific next steps are outlined in this filing.

Key Dates

Keywords

SCWorx Corp., Schedule 13G, Beneficial Ownership, Iroquois Capital Management LLC, Richard Abbe, Kimberly Page, Warrants, Beneficial Ownership Blockers, SEC Filing