regulatory
confidence high
sentiment neutral
materiality 0.55
SCWorx receives Nasdaq partial compliance letter; first milestone met for continued listing
SCWorx Corp.
- On July 24, 2026, Nasdaq confirmed SCWorx completed first condition: shareholder approval for reverse stock split.
- Company must effect reverse stock split by August 3, 2026 and demonstrate $1.00 bid price for 20 consecutive days by August 28, 2026.
- SCWorx was delisted on April 14, 2026 for non-compliance with minimum bid price rule; appeal granted with conditions.
- CEO states maintaining Nasdaq listing is strategic priority as company executes compliance plan.