other material
confidence high
sentiment negative
materiality 0.85
SCWorx announces 1-for-12 reverse stock split to regain Nasdaq compliance
SCWorx Corp.
- Reverse stock split effective 11:59 p.m. ET on August 3, 2026; every 12 shares become 1.
- Outstanding shares expected to reduce from ~1,066,918 to ~89,000; no fractional shares, rounding up.
- Split aims to meet Nasdaq minimum bid price of $1.00 for 20 consecutive days by August 28, 2026.
- Company also faces deficiency in market value of publicly held shares and will have reduced public float below 500,000 shares.
- If bid price falls below $1.00 for 30 consecutive days within one year post-split, no further compliance period; delisting likely.