SCWorx receives Nasdaq delisting notice over committee composition after director resignation

SCWorx Corp.

Nasdaq notified SCWorx on July 16, 2021 of non-compliance with Rule 5605 due to lack of 3-member Audit Committee and 2-member Compensation Committee.
Non-compliance triggered by resignation of director Mark D. Shefts effective June 25, 2021.
Grace period to regain compliance: by earlier of next annual shareholder meeting or June 25, 2022 (or December 22, 2021 if annual meeting before that date).
Board approved appointment of two new independent directors, subject to background checks, to restore compliance.

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