secwatch.observer — SEC 8-K summary
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Issuer:     SCWorx Corp. (WORX)
CIK:        0001674227
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001213900-23-063006
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674227/000121390023063006/0001213900-23-063006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674227/000121390023063006/ea182842-8k_scworxcorp.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-063006

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