SCWorx Corp. (WORX): Nasdaq/NYSE listing notice — SCWorx receives Nasdaq extension until June 5, 2023 to meet $1 bid price rule

SCWorx Corp.

Received 180-day extension on Dec 6, 2022 to regain compliance with minimum $1 bid price.
Must close at $1.00 or more for 10 consecutive business days by June 5, 2023.
Previously notified of non-compliance on June 8, 2022; stock continues trading on Nasdaq under WORX.
If compliance not achieved by deadline, Nasdaq will initiate delisting; company may appeal.
Extension has no immediate effect on listing or trading of common stock.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

SCWorx Corp. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

December 6, 2022, the Company received written notification from the Listing Qualifications Department of Nasdaq, granting the Company's request for a 180-day extension to regain compliance with the Bid Price Rule. The Company now has until June 5, 2023 to meet the requirement. If at any time prior to June 5, 2023, the bid price of the Company's ordinary shares closes at $1.00 per share or more for a minimum of 10 consecutive business days, the Company will regain compliance with the Bid Price Rule. If the Company does not regain compliance with the Bid Price Rule during the additional 180-day

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Source: SEC EDGAR

accession 0001213900-22-078598

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