SCWorx Corp. filed a Certificate of Amendment to its Certificate of Incorporation with the State of Delaware on July 28, 2026, effecting a 1-for-12 reverse stock split of its common stock. The transaction becomes effective at 11:59 p.m. Eastern Time on August 3, 2026. Consequently, every twelve outstanding shares will combine into one share, reducing the expected outstanding count from approximately 1,066,918 to roughly 89,000 shares. Fractional shares are rounded up to whole shares. The company states this action aims to satisfy Nasdaq Hearings Panel conditions regarding the minimum bid price requirement by August 28, 2026. However, the split reduces publicly held shares below Nasdaq's 500,000 share minimum and does not address a separate deficiency in market value of publicly held shares. SCWorx Corp. operates in the healthcare information technology sector.
