secwatch.observer — SEC 8-K summary
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Issuer:     SCWorx Corp. (WORX)
CIK:        0001674227
Form:       8-K
Filed at:   2026-07-30T12:58:58+00:00
Accession:  0001213900-26-083096
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SCWorx announces 1-for-12 reverse stock split to regain Nasdaq compliance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674227/000121390026083096/0001213900-26-083096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674227/000121390026083096/ea0299755-8k_scworx.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-083096

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