SCHEDULE: SCWorx Corp. Beneficial Ownership Update

SCWorx Corp. files Schedule 13G detailing beneficial ownership changes, highlighting warrant-related ownership limitations and a 4.78% to 9.78% stake held by Iroquois Capital Management LLC and Richard Abbe.

Summary

• This filing is an amendment to a Schedule 13G, reporting changes in beneficial ownership of SCWorx Corp. common stock.
• The reporting persons are Iroquois Capital Management LLC, Richard Abbe, and Kimberly Page.
• As of June 30, 2026, the reporting persons collectively hold a significant stake, with Richard Abbe holding 115,383 shares (9.78%) and Iroquois Capital Management LLC and Kimberly Page holding 53,477 shares each (4.78%).
• These holdings include shares issuable upon exercise of warrants, which are subject to 'Beneficial Ownership Blockers' limiting ownership to 4.99% or 9.99% of outstanding common stock.
• The filing clarifies that not all warrants could be exercised due to these ownership limitations.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as neutral to slightly negative, primarily due to the disclosure of beneficial ownership limitations and the potential for future dilution from warrant exercises, without significant positive operational updates.

Positives

• The filing provides clarity on the beneficial ownership structure and the extent of holdings by key investors.
• The reporting persons are acting within specified beneficial ownership limits, indicating adherence to certain corporate governance or regulatory constraints.

Negatives

• The presence of 'Beneficial Ownership Blockers' on warrants indicates potential future dilution if these limitations are removed or adjusted.
• The inability to exercise all warrants due to ownership caps suggests a constraint on the reporting persons' ability to increase their stake freely.
• The filing does not contain operational or financial performance updates, focusing solely on ownership.

Risks

• Potential for future dilution of existing shareholders' stakes if the beneficial ownership blockers are removed or adjusted, allowing for the exercise of all warrants.
• The significant stake held by reporting persons, even with limitations, could influence corporate control or strategic decisions.
• The filing does not provide details on the underlying business performance, making it difficult to assess the value of the shares and warrants.

Future Outlook

The filing does not contain forward-looking statements or specific business outlooks. The primary forward-looking aspect relates to the potential exercise of warrants, which is currently limited by beneficial ownership blockers.

Management Comments

• Each Reporting Person disclaims beneficial ownership over the securities listed except to the extent of their pecuniary interest therein.
• The shares reported do not reflect the reverse stock split effected by the Issuer on August 3, 2026.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors acquiring significant stakes in public companies. The inclusion of 'Beneficial Ownership Blockers' is a mechanism often used to manage ownership levels and comply with regulatory thresholds or company charter provisions, particularly relevant in industries with active activist investor presence or where specific ownership caps are imposed.

Comparison to Industry Standards

• The ownership percentages reported (4.78% and 9.78%) are significant for a Schedule 13G filing, often indicating a substantial investment position.
• The use of beneficial ownership blockers on warrants is a standard practice for managing large equity stakes and avoiding triggering reporting thresholds or control-related regulations prematurely. This is seen across various sectors, particularly in technology and biotech where SCWorx Corp. operates.

Corporate Governance

Stakeholder Impact

• Shareholders: Potential for future dilution if ownership blockers are removed; current stake is significant but capped.
• Management/Board: May need to consider the influence of significant beneficial owners with capped holdings.
• Creditors: No direct impact indicated by this filing.

Next Steps

• Monitoring of SCWorx Corp.'s outstanding shares and any changes to the beneficial ownership blockers.
• Observation of potential future actions by Iroquois Capital Management LLC and Richard Abbe regarding their stake in SCWorx Corp.

Key Dates

Keywords

SCWorx Corp., Schedule 13G, Beneficial Ownership, Iroquois Capital Management, Richard Abbe, Warrants, Ownership Limit, Dilution