regulatory
confidence high
sentiment negative
materiality 0.70
SCWorx Corp receives Nasdaq delisting notice for bid price below $1
SCWorx Corp.
- Nasdaq notified SCWorx on April 10, 2025 that bid price below $1 for 30 consecutive days violates Nasdaq Rule 5550(a)(2).
- Company has 180-day compliance period ending October 7, 2025 to regain minimum bid price.
- To regain compliance, closing bid must be at least $1 for 10 consecutive business days.
- If compliance not regained, company plans to implement a reverse stock split previously approved by shareholders.