other material
confidence high
sentiment negative
materiality 0.85
SCWorx Corp. (WORX): Nasdaq/NYSE listing notice — SCWorx receives Nasdaq delisting notice; effects 1-for-15 reverse stock split
SCWorx Corp.
- Nasdaq notified SCWorx on April 7, 2026, of delisting for failing to maintain $1 minimum bid price; trading suspended April 14, 2026.
- Company filed an appeal of the delisting determination to a Nasdaq hearings panel.
- SCWorx effected a 1-for-15 reverse stock split on April 10, 2026, to try to regain compliance; must trade at $1 for 10 consecutive days.
- No assurance of regaining compliance or success of appeal; delisting could have adverse effects on the company.