AGM/EGMJun 12, 2026, 09:01 AM
SCWorx Corp. Announces Annual Meeting Agenda, Including Reverse Stock Split Proposal
AI Summary
SCWorx Corp. has filed its Definitive Proxy Statement for its Annual Meeting of Shareholders scheduled for July 22, 2026. Key proposals include the election of four directors, an advisory vote on executive compensation, and the ratification of Astra Audit & Advisory, LLC as the independent auditor. A significant proposal is the consideration of a reverse stock split (ranging from 1/1.5 to 1/10) to regain compliance with Nasdaq's minimum bid price rule, following its delisting from the Nasdaq Capital Market on April 14, 2026. The company is appealing this delisting and aims to demonstrate a plan for re-listing.
Key Highlights
- SCWorx Corp. to hold Annual Meeting of Shareholders on July 22, 2026.
- Proposing election of four directors to serve until the next annual meeting.
- Seeking advisory vote on executive officer compensation.
- Proposing ratification of Astra Audit & Advisory, LLC as independent auditors.
- Considering a potential amendment to effect a reverse stock split (1/1.5 to 1/10 ratio) to regain Nasdaq compliance.
- Company previously delisted from Nasdaq Capital Market on April 14, 2026, after failing to meet minimum bid price rule.
- Company is appealing Nasdaq delisting determination and seeking re-listing.
Price Impact
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