Iroquois, Abbe, Page Disclose Warrants and Notes Convertible to WORX Shares

Rhea-AI Filing Summary

SCWorx Corp. Schedule 13G/A discloses that Iroquois Capital Management, LLC, Richard Abbe and Kimberly Page report beneficial interests in the issuer through outstanding warrants and convertible notes. The filing shows reported aggregates of 403,850 shares for Richard Abbe (reported as 9.99% of the class) and 305,524 shares for each of Iroquois Capital and Kimberly Page (reported as 7.75% of the class). These reported amounts include shares issuable upon conversion/exercise but are limited by contractual Beneficial Ownership Blockers that restrict conversion/exercise to 4.99% or 9.99% thresholds, so all instruments could not be converted or exercised as reported. Some Convertible Notes convert at a stated conversion price of $0.3496. The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest and certify the securities were not acquired to change or influence control of the issuer.

Positive

• Transparent disclosure of aggregate holdings and the contractual terms (warrants, convertible notes, conversion price).
• Beneficial Ownership Blockers are documented, limiting immediate conversion/exercise and clarifying near-term dilution risk.

Negative

• None.

Insights

Securities Analyst

TL;DR: Reporting persons disclose sizable convertible positions subject to ownership blockers; Abbe is reported at a near-10% stake.

The Schedule 13G/A is a routine ownership disclosure but contains material detail: aggregate reported positions include 403,850 shares for Richard Abbe (9.99%) and 305,524 shares (7.75%) for Iroquois Capital and Kimberly Page. The positions reflect potential conversion/exercise of large warrant and note holdings but were constrained by contractual Beneficial Ownership Blockers, limiting exercise to 4.99% or 9.99% thresholds. The filing also discloses a conversion price of $0.3496 for certain Convertible Notes and clarifies that the reporting persons disclaim beneficial ownership except for pecuniary interest. For investors, the key takeaway is transparency around potential dilution and the contractual limits on conversion activity.

Corporate Governance Expert

TL;DR: The filing documents who may be deemed beneficial owners and confirms no stated intent to change control.

The disclosure names Iroquois Capital, Richard Abbe and Kimberly Page and explains allocation of voting and dispositive power between them. It reiterates that the securities were not acquired to effect a change of control and includes the certification required for such statements. The presence of Beneficial Ownership Blockers and explicit disclaimers of ownership are governance-relevant: they limit immediate conversion activity and clarify legal boundaries of influence. The form is informational and does not assert any governance actions or proposals.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

SCWorx Corp.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

78396V208

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 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 305,524.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 305,524.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

305,524.00

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)

7.75 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Includes 305,524 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) (See Item 4). As more fully described in Item 4, the Convertible Notes and certain Warrants are subject to a 4.99% Beneficial Ownership Blocker and certain Warrants 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

CUSIP No. 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 362,731.00
6	Shared Voting Power 305,524.00
7	Sole Dispositive Power 362,731.00
8	Shared Dispositive Power 305,524.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

403,850.00

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)

9.99 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: Includes 403,850 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) (See Item 4). As more fully described in Item 4, the Convertible Notes and certain Warrants are subject to a 4.99% Beneficial Ownership Blocker and certain Warrants 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

CUSIP No. 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 305,524.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 305,524.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

305,524.00

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)

7.75 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Includes 305,524 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) (See Item 4). As more fully described in Item 4, the Convertible Notes and certain Warrants are subject to a 4.99% Beneficial Ownership Blocker and certain Warrants 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

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 Warrants to purchase 12,139,030 shares of Common Stock (of which certain Warrants are subject to a 4.99% Beneficial Ownership Blocker and certain Warrants are subject to a 9.99% Beneficial Ownership Blocker), and Convertible Notes to purchase 321,796 shares of Common Stock at the conversion price of $0.3496 (subject to a 4.99% Beneficial Ownership Blocker). Iroquois Capital Investment Group LLC ("ICIG") held Warrants to purchase 9,628,258 shares of Common Stock (of which certain Warrants are subject to a 4.99% Beneficial Ownership Blocker and certain Warrants are subject to a 9.99% Beneficial Ownership Blocker), and Convertible Notes to purchase 796,828 shares of Common Stock at the conversion price of $0.3496 (subject to a 4.99% Beneficial Ownership Blocker). Certain of the Warrants and all of the Convertible Notes contain provisions which precludes the exercise of such Warrants or the conversion of such Convertible Notes to the extent that, following exercise or conversion, as applicable, the holder, together with its affiliates and other attribution parties, would own more than 4.99% of the Common Stock outstanding with respect to the Convertible Notes and certain Warrants and 9.99% of the Common Stock outstanding with respect to certain Warrants (collectively, the "Beneficial Ownership Blockers"). The shares of Common Stock listed as beneficially owned in Rows 6, 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 or convert the Convertible Notes 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 3,638,703 shares of common stock outstanding as of May 15, 2025, as reported in the Issuer's Annual Report on Form 10-Q filed with the Securities and Exchange Commission on May 15, 2025 and assumes the conversion of the Company's Convertible Notes and 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. 9.99%
(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 5.	Ownership of 5 Percent or Less of a Class.
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:	08/13/2025

Richard Abbe

Signature:	/s/ Richard Abbe
Name/Title:	Richard Abbe
Date:	08/13/2025

Kimberly Page

Signature:	/s/ Kimberly Page
Name/Title:	Kimberly Page
Date:	08/13/2025

FAQ

What does the Schedule 13G/A say about SCWorx (WORX) ownership by Iroquois Capital and related persons?

The filing reports that Iroquois Capital, Richard Abbe and Kimberly Page hold interests through warrants and convertible notes, with reported aggregates of 403,850 shares for Richard Abbe and 305,524 shares for Iroquois Capital and Kimberly Page.

Do the reported holdings include convertible securities and warrants for WORX?

Yes. The reported amounts include shares issuable upon exercise of warrants and conversion of Convertible Notes as described in Item 4 of the filing.

Are there limits on converting the warrants or notes into WORX common stock?

Yes. Certain Warrants and Convertible Notes contain Beneficial Ownership Blockers that prevent exercise or conversion if doing so would cause ownership above 4.99% or 9.99%, and the reported percentages give effect to those blockers.

What conversion price is disclosed for the Convertible Notes in the WORX filing?

The filing states certain Convertible Notes convert into common stock at a conversion price of $0.3496.

Does the filing state any intent to change or influence control of SCWorx (WORX)?

No. The reporting persons certify that the securities were not acquired for the purpose of changing or influencing control of the issuer.