UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 8, 2019
SCWorx Corp.
(Exact name of registrant as specified in its charter)
| Delaware | 001-37899 | 47-5412331 |
|
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
590 Madison Avenue, 21st Floor
New York, New York 10022
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (212) 739-7825
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01. Other Events
On February 8, 2019, SCWorx Corp. (f/k/a Alliance MMA, Inc.) issued the Press Release filed as Exhibit 99.1 to this Current Report.
Item 9.01. Financial Statements and Exhibits.
| 99.1 | SCWorx Corp. Press Release Issued February 8, 2019 |
******************
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SCWorx Corp. | ||
| By: | /s/ Marc S. Schessel | |
| Marc S. Schessel | ||
| Chief Executive Officer | ||
| Dated: February 8, 2019 | ||
Exhibit 99.1
Customer Insights into SCWorx’s Technology
NEW YORK--(BUSINESS WIRE) - February 8, 2019-- SCWorx Corp. (f/k/a Alliance MMA, Inc.) (Nasdaq: WORX) offers customer insights into its leading SaaS Supply Chain technology.
“SCWorx is comprised almost entirely of hospital operators. We have worked in finance, operating rooms, stock rooms and supply and sourcing departments” said Marc Schessel, CEO of SCWorx, “these experiences have helped us to better understand the issues that our customers have to deal with on a very personal level - and have served to shape the design of our solutions.”
Todd Keating, Network Chief Financial Officer of The University of Vermont Health Network commented, “for longer than I can remember, hospitals have been islands unto themselves, relying on outside parties to compare, contrast and baseline our services. The problem has always been that we were all speaking a different language and, even when using outside companies, we were never quite certain as to their processes for comparing us. With SCWorx we will finally have a database that ties hospitals’ data together to create one purchasing, utilization and billing syntax, which will allow us to compare ourselves instantaneously with our peers. This new expanded database will allow my colleagues and I to have substantive conversations, compare our processes and learn from each other with the goal of normalizing the business processes to effect lower costs, not just within our system, but throughout the healthcare ecosystem. This platform will enable our information systems to seamlessly communicate, allowing us to collaborate as a team to achieve substantial cost reductions.”
Charlie Miceli, Network Vice President & Chief Supply Chain Officer of The University of Vermont Health Network added, for years we have been looking for a single application that will be able to synchronize the various databases we use to collect critical business information necessary to optimize our purchasing, identify physician practice deviations and efficiently process ordering and billing transactions. SCWorx provides us a platform that will allow us to synchronize a majority of our business applications, thus helping us make accurate and rapid fact-based decisions. Additionally, the solution will enable us to track these decisions enterprise wide, so we can make quick and accurate course corrections, as necessary. With SCWorx we have expanded our supply chain capabilities, because now in addition to cost containment pursuits, we can now focus on how products are actually being utilized within the clinical departments - ultimately changing our focus from just cost management to supporting total cost of care management.
About SCWorx-
SCWorx offers an advanced software solution for the management of health care providers’ foundational business applications. Together these software systems have been credited with the healthcare providers’ customers tending to realize reduced medical expenses, while healthcare providers have tended to experience expanded revenues and more successful and safer clinical outcomes. The SCWorx software solution ultimately transforms many aspects of the healthcare providers’ business through its delivery of highly accurate, real-time information that offers the executives of these healthcare providers the ability to optimize many areas of their day-to-day operations, negotiate better contracts with their vendors and payors and make better decisions with respect to strategic purchases.
Forward-looking Statements
This press release contains “forward-looking statements” that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future financial position, prospects, plans and objectives of management are forward-looking statements. Examples of such statements include but are not limited to SCWorx may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in the forward-looking statements and you should not place undue reliance on these forward-looking statements. Such statements are based on management’s current expectations and involve risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including, without limitation, the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations and the availability of sufficient resources of the combined company to meet its business objectives and operational requirements.
No Offer or Solicitation
This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
View source version on businesswire.com: https://www.businesswire.com
Source: SCWorx Corp.
SCWorx Corp.
John Price, CFO
jprice@scworx.com