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SCWorx Corp. reports that Nasdaq issued a delisting decision on September 17, 2026, due to the company falling below…
WORXDSCWorx Corp.
SCWorx Corp. reports that Nasdaq issued a delisting decision on September 17, 2026, due to the company falling below the Publicly Held Shares Rule following a reverse stock split. The company completed a private placement of 350,000 shares and warrants on September 16, 2026, which it believes cured this deficiency by increasing publicly held shares above 500,000. SCWorx submitted a request for reconsideration to Nasdaq on September 18, 2026, arguing the decision was based on a mistake of material fact. The company must also regain compliance with the Bid Price Rule ($1.00 closing price) by October 5, 2026. Additionally, SCWorx extended the termination right for private placement investors to October 15, 2026; if exercised, the company would refund $938,000 and cancel the issued securities. The stock continues trading on the OTCQB Venture Market under the symbol WORX. SCWorx Corp. operates in the healthcare industry, providing technology solutions for senior care providers.