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Iroquois group discloses 6.8% SCWorx (WORX) ownership in 13G/A

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

SCWorx Corp. investors Iroquois Capital Management, Richard Abbe, and Kimberly Page report their beneficial ownership of the company’s common stock in an amended Schedule 13G as of December 31, 2025. Iroquois Capital Management and Kimberly Page each report beneficial ownership of 960,140 shares, representing 5.7% of the class. Richard Abbe reports beneficial ownership of 1,153,662 shares, or 6.8% of the class.

These positions include shares issuable from warrants and convertible notes that are subject to 4.99% and 9.99% Beneficial Ownership Blockers, which limit how much can be converted or exercised at any time. The reported percentages are calculated using 15,826,834 shares outstanding as of September 30, 2025. The filers state the securities are not held to change or influence control of SCWorx.

Positive

  • None.

Negative

  • None.





Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G




Comment for Type of Reporting Person: Includes 828,939 shares of Common Stock issuable upon the exercise of the Warrants (as defined in Item 4) and/or conversion of the Convertible Notes (as defined in Item 4) that are subject to a 4.99% Beneficial Ownership Blocker and 129,017 shares of Common Stock issuable upon the exercise of Warrants that are subject to a 9.99% Beneficial Ownership Blocker, and the percentage set forth in row (11) gives effect to such Beneficial Ownership Blockers (as defined in Item 4). The shares reported in rows (6), (8) and (9) show the number of shares of Common Stock issuable upon conversion and/or exercise of such reported securities, giving effect to the Beneficial Ownership Blockers.


SCHEDULE 13G




Comment for Type of Reporting Person: Includes 828,939 shares of Common Stock issuable upon the exercise of the Warrants (as defined in Item 4) and/or conversion of the Convertible Notes (as defined in Item 4) that are subject to a 4.99% Beneficial Ownership Blocker and 322,539 shares of Common Stock issuable upon the exercise of Warrants that are subject to a 9.99% Beneficial Ownership Blocker, and the percentage set forth in row (11) gives effect to such Beneficial Ownership Blockers (as defined in Item 4). The shares reported in rows (5), (6), (7), (8) and (9) show the number of shares of Common Stock issuable upon conversion and/or exercise of such reported securities, giving effect to the Beneficial Ownership Blockers.


SCHEDULE 13G




Comment for Type of Reporting Person: Includes 828,939 shares of Common Stock issuable upon the exercise of the Warrants (as defined in Item 4) and/or conversion of the Convertible Notes (as defined in Item 4) that are subject to a 4.99% Beneficial Ownership Blocker and 129,017 shares of Common Stock issuable upon the exercise of Warrants that are subject to a 9.99% Beneficial Ownership Blocker, and the percentage set forth in row (11) gives effect to such Beneficial Ownership Blockers (as defined in Item 4). The shares reported in rows (6), (8) and (9) show the number of shares of Common Stock issuable upon conversion and/or exercise of such reported securities, giving effect to the Beneficial Ownership Blockers.


SCHEDULE 13G



Iroquois Capital Management, LLC
Signature:/s/ Richard Abbe
Name/Title:Richard Abbe
Date:02/13/2026
Richard Abbe
Signature:/s/ Richard Abbe
Name/Title:Richard Abbe
Date:02/13/2026
Kimberly Page
Signature:/s/ Kimberly Page
Name/Title:Kimberly Page
Date:02/13/2026

FAQ

What does the SCWorx (WORX) Schedule 13G/A filing report for Iroquois Capital?

The filing shows Iroquois Capital Management beneficially owning 960,140 SCWorx common shares, representing 5.7% of the class. This total includes shares issuable from warrants and convertible notes, with amounts limited by 4.99% and 9.99% Beneficial Ownership Blockers described in the ownership section.

How much SCWorx (WORX) stock does Richard Abbe report owning in this 13G/A?

Richard Abbe reports beneficial ownership of 1,153,662 SCWorx common shares, equal to 6.8% of the outstanding class. His position reflects direct holdings plus shares issuable from warrants and convertible notes, adjusted for contractual Beneficial Ownership Blockers that cap his effective percentage ownership.

What SCWorx (WORX) holdings are attributed to Iroquois Master Fund and ICIG in the filing?

The filing states Iroquois Master Fund holds 982 shares, warrants for 12,185,673 shares, and convertible notes for 149,920 shares at $0.3496. ICIG holds 1,202 shares, warrants for 16,140,020 shares, and convertible notes for 278,427 shares at the same conversion price, all subject to ownership blockers.

What are the Beneficial Ownership Blockers mentioned for SCWorx (WORX) in this 13G/A?

The Beneficial Ownership Blockers restrict warrant exercises and note conversions so holders cannot exceed 4.99% ownership for certain instruments and 9.99% for others. The reported share counts and ownership percentages already reflect these limits, reducing how many securities can be converted at once.

On what share count are the SCWorx (WORX) ownership percentages based in this filing?

Ownership percentages are calculated using 15,826,834 SCWorx common shares outstanding as of September 30, 2025, as reported in the company’s Form 10-Q. The filing then assumes conversion and exercise of certain warrants and notes, subject to the Beneficial Ownership Blockers’ percentage caps.

Are the SCWorx (WORX) securities held by these investors intended to influence control of the company?

No. The signatories certify the SCWorx securities were not acquired or held to change or influence control of the issuer. They also state the holdings are not in connection with any control-related transaction, other than activities solely tied to nominations under the specified proxy rule.

Who are the reporting persons in the SCWorx (WORX) Schedule 13G/A Amendment No. 4?

The reporting persons are Iroquois Capital Management LLC, Richard Abbe, and Kimberly Page. Abbe and Page are directors of Iroquois Master Fund, and Abbe is President of Iroquois Capital and manages Iroquois Capital Investment Group LLC, giving them shared authority over certain SCWorx investments.
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