DelistingApr 10, 2026, 05:16 PM
SCWorx Faces Nasdaq Delisting, Implements 1-for-15 Reverse Split
AI Summary
SCWorx Corp. received notification from Nasdaq that its securities will be delisted from the Capital Market due to failure to regain compliance with the minimum bid price requirement of $1 per share. Trading of the company's common stock is set to be suspended on April 14, 2026. In response, the company has filed an appeal and implemented a 1-for-15 reverse stock split, effective April 10, 2026, to attempt to regain compliance.
Key Highlights
- Nasdaq notified SCWorx of delisting for failing to meet the $1 minimum bid price rule.
- Trading of common stock will be suspended at the opening of business on April 14, 2026.
- Company implemented a 1-for-15 reverse stock split effective April 10, 2026.
- SCWorx has filed an appeal against Nasdaq's delisting determination.
- Company needs to trade at or above $1.00 per share for ten consecutive days to regain compliance.