DelistingJun 23, 2026, 03:51 PM
SCWorx Gets Nasdaq Listing Continuation, Must Do Reverse Split
AI Summary
SCWorx Corp. received a decision from a Nasdaq Hearings Panel granting its request to continue the listing of its common stock, which was suspended on April 14, 2026, for failing to meet the $1.00 minimum bid price rule. The continuation is conditional, requiring the company to obtain shareholder approval for a reverse stock split by July 22, 2026, effect the split by August 3, 2026, and demonstrate compliance with the $1.00 bid price for 20 consecutive trading days by August 28, 2026. Failure to meet these deadlines will result in delisting from Nasdaq, though the stock would continue to be quoted on OTC Markets.
Key Highlights
- Nasdaq granted SCWorx's request to continue its common stock listing, subject to conditions.
- Trading was suspended on April 14, 2026, due to failure to meet Nasdaq's $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.
- SCWorx must demonstrate compliance with the $1.00 bid price rule for 20 consecutive days by August 28, 2026.
- Failure to meet these conditions will result in delisting from Nasdaq.
- If delisted, the common stock would continue to be quoted on the OTC Markets.
Price Impact
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