Iroquois entities hold large WORX warrant positions; blockers limit exercise (WORX)

Rhea-AI Filing Summary

SCWorx Corp. Schedule 13G/A (Amendment No. 5) reports holdings by Iroquois Capital Management LLC, Iroquois Master Fund Ltd., Iroquois Capital Investment Group LLC, and related reporting persons Richard Abbe and Kimberly Page. The cover pages give effected share counts and percentages as of March 31, 2026 based on 15,999,423 shares outstanding. The filing explains large warrant positions that are subject to Beneficial Ownership Blockers (4.99% and 9.99%), which limit exercise so the reported percentages reflect those blockers. The cover-page rows show dispositive and voting powers for each reporting person and provide percentages that give effect to the blockers.

Insights

Securities Ownership Analyst

13G/A discloses sizeable warrant holdings constrained by 4.99% and 9.99% blockers.

The filing lists warrant positions for Iroquois Master Fund and ICIG totaling millions of exercisable shares but states exercise is limited by Beneficial Ownership Blockers. The reported percentages are calculated on 15,999,423 shares outstanding as of March 31, 2026 and reflect those blockers.

Cash‑flow treatment is not stated here; subsequent filings would show any exercises or sales. Future filings will show whether holders exercise beyond the blockers or restructure positions.

Compliance & Governance Specialist

Filing clarifies attribution and disclaimers among Iroquois entities and individuals.

The statement explains who may be deemed beneficial owners due to advisory and management relationships and includes a standard disclaimer that each Reporting Person disclaims beneficial ownership except to the extent of pecuniary interest. Voting and dispositive powers are reported on the cover pages.

Material qualifiers (the Beneficial Ownership Blockers) are preserved verbatim and directly affect percentage calculations; timing of any change depends on future exercises or amendments.

Key Figures

Shares outstanding: 15,999,423 shares Iroquois Master Fund warrants: 12,185,673 shares Iroquois Master Fund warrants subject to 4.99% blocker: 11,397,022 shares +4 more

7 metrics

Shares outstanding 15,999,423 shares as of March 31, 2026

Iroquois Master Fund warrants 12,185,673 shares Warrants to purchase common stock (Item 4)

Iroquois Master Fund warrants subject to 4.99% blocker 11,397,022 shares subject to 4.99% Beneficial Ownership Blocker

ICIG warrants 16,107,520 shares Warrants to purchase common stock (Item 4)

ICIG warrants subject to 4.99% blocker 15,180,132 shares subject to 4.99% Beneficial Ownership Blocker

Richard Abbe reported total 1,700,723 shares reported on cover page, gives effect to blockers

Iroquois Capital shared dispositive power (example) 772,133 shares reported shared dispositive power on cover page

Key Terms

Beneficial Ownership Blocker, Warrants, Beneficially owned

3 terms

Beneficial Ownership Blocker regulatory

"Certain of the Warrants contain provisions which precludes the exercise"

A beneficial ownership blocker is a legal or structural device that prevents a shareholder from being treated as the ultimate owner of enough shares to trigger control, reporting, or voting thresholds. Think of it like a speed bump that stops an investor from reaching a stake size that would force corporate disclosure or change control rights. Investors care because it affects who controls the company, how shares vote, regulatory filings, takeover risk and therefore potential value or liquidity of their holdings.

Warrants financial

"Warrants to purchase 12,185,673 shares of Common Stock"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

Beneficially owned regulatory

"Amount beneficially owned: See Item 9 on the cover pages"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 08:06 AM Learn about SEC filing dates

FAQ

What stake does Iroquois report in SCWorx (WORX)?

Iroquois-related entities report positions including warrants; reported percentages give effect to blockers. The filing uses 15,999,423 shares outstanding as of March 31, 2026 to compute percentages and applies 4.99% and 9.99% Beneficial Ownership Blockers.

How many warrants does Iroquois Master Fund hold for WORX?

Iroquois Master Fund holds Warrants to purchase 12,185,673 shares, with 11,397,022 of those warrants subject to a 4.99% blocker and 771,151 subject to a 9.99% blocker, per Item 4 of the filing.

What aggregate position is attributed to Richard Abbe in WORX?

Richard Abbe is shown with 1,700,723 shares reported and a percentage of 9.6%; this figure gives effect to the Beneficial Ownership Blockers and includes exercisable warrant counts as described in the cover comments.

Do the Beneficial Ownership Blockers affect exercise of the warrants?

Yes. The filing states certain warrants cannot be exercised to the extent exercise would cause ownership above 4.99% or 9.99%. The reported share and percentage figures are calculated with those blockers in effect.

Where are the Reporting Persons located and who files the statement?

The filing is made by Iroquois Capital Management LLC, Richard Abbe, and Kimberly Page. The principal business address listed for the Reporting Persons is 2 Overhill Road, Scarsdale, NY 10583.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

SCWorx Corp.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

78396V208

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 78396V208

1

Names of Reporting Persons

Iroquois Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 772,133.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 772,133.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

772,133.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.6 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Includes 771,151 shares of Common Stock issuable upon the exercise of the Warrants (as defined in Item 4) that are subject to a 9.99% Beneficial Ownership Blocker and does not include 11,397,022 shares of Common Stock issuable upon the exercise of Warrants that are subject to a 4.99% 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 exercise of such reported securities, giving effect to the Beneficial Ownership Blockers.

SCHEDULE 13G

CUSIP Number(s): 78396V208

1

Names of Reporting Persons

Richard Abbe

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 928,590.00
6	Shared Voting Power 772,133.00
7	Sole Dispositive Power 928,590.00
8	Shared Dispositive Power 772,133.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,700,723.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.6 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: Includes 1,698,539 shares of Common Stock issuable upon the exercise of the Warrants (as defined in Item 4) that are subject to a 9.99% Beneficial Ownership Blocker and does not include 26,577,154 shares of Common Stock issuable upon the exercise of Warrants that are subject to a 4.99% 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 exercise of such reported securities, giving effect to the Beneficial Ownership Blockers. 116411

SCHEDULE 13G

CUSIP Number(s): 78396V208

1

Names of Reporting Persons

Kimberly Page

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 772,133.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 772,133.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

772,133.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.6 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Includes 771,151 shares of Common Stock issuable upon the exercise of the Warrants (as defined in Item 4) that are subject to a 9.99% Beneficial Ownership Blocker and does not include 11,397,022 shares of Common Stock issuable upon the exercise of Warrants that are subject to a 4.99% 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 exercise of such reported securities, giving effect to the Beneficial Ownership Blockers.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SCWorx Corp.
(b)	Address of issuer's principal executive offices: 100 S Ashley Dr, Suite 100, Tampa, FL 33602
Item 2.
(a)	Name of person filing: This statement is being filed by (i) Iroquois Capital Management LLC, a Delaware limited liability company ("Iroquois"), (ii) Richard Abbe, and (iii) Kimberly Page ("Mr. Abbe" and "Ms. Page," together with Iroquois, the "Reporting Persons"). Mr. Abbe shares authority and responsibility for the investments made on behalf of Iroquois Master Fund Ltd. ("Iroquois Master Fund") with Ms. Kimberly Page, each of whom is a director of the Iroquois Master Fund. As such, Mr. Abbe and Ms. Page may each be deemed to be the beneficial owner of all shares of Common Stock held by Iroquois Master Fund. Iroquois Capital is the investment advisor for Iroquois Master Fund and Mr. Abbe is the President of Iroquois Capital. Mr. Abbe has the sole authority and responsibility for the investments made on behalf of Iroquois Capital Investment Group LLC ("ICIG"). As such, Mr. Abbe may be deemed to be the beneficial owner of all shares of Common Stock held by Iroquois Master Fund and ICIG. The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of shares of Common Stock owned by another Reporting Person.
(b)	Address or principal business office or, if none, residence: The principal business address for each of the Reporting Persons is 2 Overhill Road, Scarsdale, NY 10583.
(c)	Citizenship: Iroquois Capital Management LLC is a Delaware limited liability company. Richard Abbe is an individual who is a citizen of the United States of America. Kimberly Page is an individual who is a citizen of the United States of America.
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 78396V208
Item 4.	Ownership
(a)	Amount beneficially owned: See Item 9 on the cover pages hereto. As of the date of the event which requires filing of this statement, Iroquois Master Fund Ltd. ("Iroquois Master Fund") held 982 shares of Common Stock and Warrants to purchase 12,185,673 shares of Common Stock (of which 11,397,022 Warrants are subject to a 4.99% Beneficial Ownership Blocker and 771,151 Warrants are subject to a 9.99% Beneficial Ownership Blocker). Iroquois Capital Investment Group LLC ("ICIG") held 1,202 shares of Common Stock and Warrants to purchase 16,107,520 shares of Common Stock (of which 15,180,132 Warrants are subject to a 4.99% Beneficial Ownership Blocker and 927,388 Warrants are subject to a 9.99% Beneficial Ownership Blocker). Certain of the Warrants contain provisions which precludes the exercise of such Warrants to the extent that, following exercise, the holder, together with its affiliates and other attribution parties, would own more than 4.99% of the Common Stock outstanding with respect to certain Warrants and 9.99% of the Common Stock outstanding with respect to certain other Warrants (collectively, the "Beneficial Ownership Blockers"). The shares of Common Stock listed as beneficially owned in Rows 5, 6, 7, 8 and 9 of the cover pages for each Reporting Person and the percentage set forth in Row 11 of the cover page for each Reporting Person give effect to the Beneficial Ownership Blockers. Consequently, as of the date of the event which requires the filing of this statement, the Reporting Persons were not able to exercise all of the Warrants due to the Beneficial Ownership Blockers. Each the Reporting Persons disclaims beneficial ownership over the securities listed except to the extent of their pecuniary interest therein.
(b)	Percent of class: See Item 11 on the cover pages hereto. The percentage set forth in Row 11 of the cover page for each Reporting Person is based on 15,999,423. shares of common stock outstanding as of March 31, 2026, as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2026 and assumes the exercise of the Warrants, each subject to the Beneficial Ownership Blockers. The percentage set forth in Item 11 of the cover page for each Reporting Person gives effect to the Beneficial Ownership Blockers, if applicable.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 on the cover pages hereto.
	(ii) Shared power to vote or to direct the vote: See Item 6 on the cover pages hereto.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 on the cover pages hereto.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 on the cover pages hereto.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Iroquois Capital Management, LLC

Signature:	/s/ Richard Abbe
Name/Title:	Richard Abbe
Date:	05/14/2026

Richard Abbe

Signature:	/s/ Richard Abbe
Name/Title:	Richard Abbe
Date:	05/14/2026

Kimberly Page

Signature:	/s/ Kimberly Page
Name/Title:	Kimberly Page
Date:	05/14/2026