SCWorx Corp.

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.

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.

SCWorx Corp. has filed its Definitive Proxy Statement for its Annual Meeting of Shareholders scheduled for July 22, 2026. Key proposals include the election of four directors, an advisory vote on executive compensation, and the ratification of Astra Audit & Advisory, LLC as the independent auditor. A significant proposal is the consideration of a reverse stock split (ranging from 1/1.5 to 1/10) to regain compliance with Nasdaq's minimum bid price rule, following its delisting from the Nasdaq Capital Market on April 14, 2026. The company is appealing this delisting and aims to demonstrate a plan for re-listing.

SCWorx Corp. reported a significant improvement in its financial performance for the first quarter of 2026, with net loss narrowing to $(173,767) or $(0.16) per share, compared to a net loss of $(476,303) or $(3.71) per share in the prior year. Revenue saw a modest increase of 3.4% to $744,899, while gross profit more than doubled to $374,109. The company also implemented a 1-for-15 reverse stock split in April 2026, which is reflected in the reported figures.

SCWorx Corp. announced it has secured two new customers through a strategic partner relationship. These customers will utilize SCWorx's data management platform to standardize and cleanse data in preparation for their Workday ERP implementations. The company anticipates these new engagements will contribute to near-term revenue and offer opportunities for expanded services as the projects progress, highlighting the strength of its partner ecosystem and its role in enterprise system transformations.

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.

SCWorx Corp. announced a 1-for-15 reverse stock split of its common stock, effective at the opening of trading on April 10, 2026. The company implemented this corporate action primarily to regain compliance with the Nasdaq Stock Market's minimum bid price rule, which requires a stock to trade at or above $1.00 per share for ten consecutive trading days. While the company anticipates this measure will help achieve compliance, it explicitly stated there is no assurance of regaining compliance, and failure to do so could result in delisting from Nasdaq. This move often signals financial distress or a struggle to maintain market valuation.