10 unchanged sentences
legal fees and other directly related costs expected to be incurred.
−Removed: CorProminence d/b/a Core IR v.
−Removed: AAA Arbitration Case 01-22-0001-5709
−Removed: As previously disclosed in
−Removed: the Company’s periodic reports filed with the SEC, on April 25, 2022, the Company received a Demand for Arbitration along with a
−Removed: Statement of Claim filed by Core IR with the American Arbitration Association seeking damages in the amount of approximately $190,000.
−Removed: out of a marketing and consulting agreement.
−Removed: The Company filed its answer, affirmative defenses and counterclaims on May 16, 2022.
−Removed: order of the arbitrator dated November 1, 2022, Core IR received permission to amend its Statement of Claim to increase its request for
−Removed: damages to $257,546.
−Removed: The Company received the final decision of the Arbitrator on October 16, 2023, awarding Core IR $461,856 including
−Removed: unpaid compensation, indemnification for legal fees and costs, prevailing party legal fees and interest (the “Award”).
−Removed: IR has since obtained a judgement in the amount of approximately $502,000 (including interest) (“Judgement”).
−Removed: and Core IR entered into a settlement agreement dated July 12, 2024 under which the Company agreed to issue Core IR shares of its common
−Removed: stock with a value of $502,000 (determined based on sales proceeds realized by Core IR), in full and complete satisfaction of the Judgement.
−Removed: The settlement agreement is filed as exhibit 10.5 to our annual report on Form 10-K as filed with the SEC on September 24, 2024.
−Removed: 18, 2024, the Company issued 159,776 shares of its common stock in the first tranche of payments under this agreement.
−Removed: In connection with the Settlement
−Removed: Agreement, the Company and Core IR entered into a Registration Rights Agreement, pursuant to which the Company was required to file a
−Removed: resale registration statement with the Commission to register for resale the shares issuable upon under the Settlement Agreement as described
−Removed: Hadrian Equities Partners, LLC et ano.
−Removed: 22-cv-07096 (JLR) (S.D.N.Y)
−Removed: On August 19, 2022, Hadrian
−Removed: Equities Partners, LLC and the Phillip W.
−Removed: 2007 Irrevocable Trust filed a complaint in the United States District Court for
−Removed: the Southern District of New York alleging that SCWorx was dilatory and did not comply with its alleged contractual duties to remove the
−Removed: restrictions from Plaintiffs’ converted AMMA stock to SCWorx stock until August 10 and August 11, 2020.
−Removed: Plaintiffs allege that as
−Removed: a result, they were unable to sell their SCWorx stock when SCWorx was trading at its highest price on April 13, 2020.
−Removed: The Complaint sought
−Removed: $500,000 in damages.
−Removed: Plaintiffs filed an Amended Complaint on November 28, 2022.
−Removed: On February 6, 2023, SCWorx filed its answer to
−Removed: the Amended Complaint interposing numerous defenses.
−Removed: Plaintiff has since entered into a settlement agreement dated December 1, 2023 (effective
−Removed: as of October 23, 2023) (as amended April 29, 2024), under which the Company agreed to pay Plaintiffs $20,000 and issue them 37,500 shares
−Removed: of common stock, all in full settlement of the claims made in the lawsuit.
−Removed: The Company has accrued for this liability which is included
−Removed: in accounts payable and accrued liabilities on the Company’s consolidated balance sheet at December 31, 2023.
−Removed: The cash payment was
−Removed: made in July 2024, and the shares were issued in May 2024.
Mine Safety Disclosures
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.