RegulatoryJun 23, 2026, 03:43 PM
SCWorx Gets Conditional Nasdaq Listing to Avoid Delisting
AI Summary
SCWorx Corp. announced it has received a decision from the Nasdaq Hearings Panel granting its request to continue listing on The Nasdaq Stock Market, subject to specific conditions. The company's common stock was suspended on April 14, 2026, for not meeting the $1.00 minimum bid price rule. To regain compliance, SCWorx must obtain shareholder approval for a reverse stock split by July 22, 2026, effect the split by August 3, 2026, and demonstrate a closing bid price of $1.00 or more for 20 consecutive trading days by August 28, 2026. Failure to meet these deadlines will result in delisting, though the stock would continue to be quoted on OTC Markets.
Key Highlights
- SCWorx received a decision from the Nasdaq Hearings Panel granting conditional listing continuation.
- Trading was suspended April 14, 2026, for failing to meet the $1.00 minimum bid price rule.
- Shareholder approval for a reverse stock split is required by July 22, 2026.
- The reverse stock split must be effected by August 3, 2026.
- Company must demonstrate a closing bid price of $1.00+ for 20 consecutive days by August 28, 2026.
- Failure to meet conditions will result in delisting from Nasdaq.
- Common stock is approved for quotation on the OTCQB Market pending potential reinstatement.
Price Impact
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