RegulatoryJul 29, 2026, 10:18 AM
SCWorx Receives Partial Nasdaq Compliance Letter
AI Summary
SCWorx Corp. announced it received a partial compliance letter from the Nasdaq Hearings Panel, confirming the completion of the first benchmark for its plan to regain continued listing on The Nasdaq Capital Market. The company still needs to achieve a closing bid price of at least $1.00 per share for a minimum of twenty consecutive trading days to fully comply with Nasdaq Listing Rule 5815(c)(4). SCWorx leadership emphasized that maintaining its Nasdaq listing remains a strategic priority.
Key Highlights
- SCWorx received a partial compliance letter from the Nasdaq Hearings Panel.
- Company completed the first benchmark of its plan to regain Nasdaq listing compliance.
- Must achieve a closing bid price of at least $1.00 per share for 20 consecutive trading days.
- Compliance required under Nasdaq Listing Rule 5815(c)(4).
- CEO Tim Hannibal stated maintaining Nasdaq listing is a strategic priority.
- Company intends to take all necessary actions to satisfy Panel conditions.
Price Impact
More from WORX