SCWorx shares surge 20.69% intraday after renewing healthcare partnership with 113% higher contract value.

SCWorx Corp. (WORX) surged 20.69% intraday following the announcement that it renewed a three-year agreement with an existing healthcare partner, increasing the contract value by 113%. This development underscores renewed confidence in SCWorx’s healthcare data management capabilities, aligning with its strategic focus on expanding partnerships in the sector. The move follows prior updates, including compliance with Nasdaq reporting standards and a recent 180-day extension to meet minimum bid price requirements, but the contract renewal appears to be the most immediate catalyst. The stock’s sharp intraday rally suggests investors viewed the expanded collaboration as a positive step toward stabilizing the company’s financial outlook amid broader market volatility.