Core Viewpoint - SCWorx Corp has successfully completed an equity financing round, raising a total of $200,000 through the sale of common stock and warrants to institutional investors [1][2]. Group 1: Financing Details - The company sold an aggregate of 232,558 shares of common stock along with warrants to purchase the same number of shares [1]. - The gross proceeds from this financing round amount to $200,000 [1]. Group 2: Use of Proceeds - SCWorx plans to utilize the net proceeds from the financing for working capital and general corporate purposes to support future growth [2]. Group 3: Company Overview - SCWorx has developed an advanced virtualized item data warehouse that leverages machine learning and artificial intelligence to provide software-as-a-service solutions for healthcare providers [4]. - The company's solutions aim to integrate various modules with its data platform, focusing on cost savings, operational efficiency, and accurate benchmarking and reporting [4]. - Key solution modules include Virtual Item Master, data cleansing and normalization, contract management, automated rebate management, and data analytics [4].
SCWorx Announces Completion of Equity Financing with Institutional Investors