Nasdaq panel grants SCWorx continued listing subject to reverse split and bid price deadline Oct 20

SCWorx Corp.

On Aug 1, 2023, Nasdaq hearings panel granted SCWorx continued listing subject to conditions to regain Bid Price Rule compliance.
Board must approve reverse stock split by Aug 1, 2023; shareholder approval and effect reverse split (1:10 to 1:12) by Oct 6, 2023.
Company must demonstrate closing bid price ≥$1 for 10 consecutive trading days by Oct 20, 2023, to avoid delisting.
Failure to meet any condition will result in immediate delisting; company warns of adverse effects on trading and capital raising.

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