DelistingJul 29, 2026, 06:01 AM
SCWorx Receives Nasdaq Delisting Notice for MVPHS Below $1M
AI Summary
SCWorx Corp. received a notice from Nasdaq indicating non-compliance with the minimum Market Value of Publicly Held Shares (MVPHS) requirement of $1 million. The company's MVPHS was below this threshold for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(5). SCWorx has a 180-day period, until January 20, 2027, to regain compliance. Failure to do so could lead to delisting, though the company can appeal such a decision.
Key Highlights
- SCWorx received a Nasdaq notice on July 24, 2026, regarding listing non-compliance.
- The company's Market Value of Publicly Held Shares (MVPHS) fell below the $1 million minimum.
- This deficiency occurred for 30 consecutive business days, from June 10 to July 23, 2026.
- The violation is against Nasdaq Listing Rule 5550(a)(5).
- SCWorx has a 180-day compliance period, until January 20, 2027, to regain compliance.
- Compliance requires MVPHS of at least $1 million for 10 consecutive business days.
- There is no assurance the company will regain compliance or avoid delisting.
Price Impact
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