WORX - SCWorx climbs 10% on $5M stock buyback agreement
- SCWorx ( NASDAQ: WORX ) entered stock purchase agreement with an institutional investor.
- Company will have the right, but not the obligation, to issue and sell to the investor up to $5M of common stock from time-to-time over the ~24-month term of the purchase agreement.
- Tim Hannibal, President & CEO commented, “We believe this commitment from the Institutional Investor demonstrates investor confidence in SCWorx, including our business model that leverages the SCWorx data management SaaS solution to assist hospitals in achieving their supply chain goals and cost savings objectives.”
- Company currently has a market cap of $7.9M.
For further details see:
SCWorx climbs 10% on $5M stock buyback agreement