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SCWorx Corp. received formal notification from Nasdaq on September 2, 2026, that it no longer satisfies the minimum…
WORXSCWorx Corp.
SCWorx Corp. received formal notification from Nasdaq on September 2, 2026, that it no longer satisfies the minimum publicly held shares requirement for continued listing, having only 89,782 such shares. This deficiency stems from a 1-for-12 reverse stock split effective August 3, 2026, which reduced public float below the required 500,000 shares. Consequently, Nasdaq rules prevent SCWorx from being considered compliant with the minimum bid price requirement until it first regains compliance with the publicly held shares requirement and subsequently maintains a closing bid price of at least $1.00 for ten consecutive business days. The company also remains non-compliant with the market value of publicly held shares requirement, facing a compliance period expiring January 20, 2027. SCWorx intends to submit views to the Nasdaq Hearings Panel by September 9, 2026, and is evaluating alternatives such as issuing additional common stock to regain compliance, though no specific plan has been determined. SCWorx Corp. operates in the healthcare technology industry, providing software solutions for community health centers.