SCWorx Corp. 8-K

What Happened

• SCWorx Corp. (WORX) filed an 8-K (Item 8.01) reporting that it amended its certificate of incorporation on April 7, 2026 to implement a 1-for-15 reverse stock split of its common stock. The reverse split is expected to be effective at the opening of trading on April 10, 2026. The change combines every 15 outstanding shares into one share.

Key Details

• Reverse split ratio: 1-for-15 (15 old shares → 1 new share).
• Amendment date: April 7, 2026; expected effectiveness: opening of trading on April 10, 2026.
• Purpose: to attempt to regain compliance with The Nasdaq Stock Market’s minimum bid price requirement.
• Nasdaq compliance requirement: a closing bid of at least $1.00 per share for ten consecutive trading days; failure to regain compliance could result in delisting. The company stated there is no assurance it will regain compliance.

Why It Matters

• For investors, the reverse split reduces the number of outstanding shares and increases the per-share price proportionally, but does not change the company’s market value immediately. The split is a corrective step aimed at meeting Nasdaq’s $1.00 minimum bid rule; if the stock does not trade at or above $1.00 for the required period after the split, WORX could be delisted from Nasdaq, which would affect liquidity and visibility. The company expects the split will help achieve compliance but provided no guarantee.