regulatory
confidence high
sentiment negative
materiality 0.75
SCWorx receives Nasdaq notice of non-compliance with $1 minimum bid price
SCWorx Corp.
- Nasdaq notified SCWorx on June 8, 2022 that its closing bid price was below $1 for 30 consecutive business days, violating Rule 5550(a)(2).
- Company has 180 calendar days (until Dec 5, 2022) to regain compliance by having bid price >=$1 for 10 consecutive business days.
- If not compliant by Dec 5, SCWorx may be eligible for an additional 180 days if it meets other listing standards and notifies intent to cure.
- Failure to cure the deficiency may result in delisting from the Nasdaq Capital Market.