SCWorx Corp. 8-K

What Happened SCWorx Corp. (WORX) filed an 8-K reporting that Nasdaq has determined the company failed to meet the $1 minimum bid-price requirement under Nasdaq Rule 5550(a)(2) and notified the company of a delisting determination on April 7, 2026. Nasdaq will suspend trading of the company’s common stock at the opening of business on April 14, 2026 and will file a Form 25‑NSE to remove the securities from Nasdaq. SCWorx has filed an appeal to a Nasdaq hearings panel.

Key Details

• Nasdaq originally notified the company on April 10, 2025 that WORX failed the $1 bid-price requirement after 30 consecutive business days (Feb 26, 2025–Apr 9, 2025).
• Nasdaq granted a 180‑day extension on October 8, 2025, giving the company until April 6, 2026 to regain compliance; Nasdaq issued a delisting notice on April 7, 2026.
• On April 7, 2026 SCWorx amended its certificate of incorporation to effect a 1-for-15 reverse stock split (combining every 15 shares into one); the reverse split became effective at the opening of trading on April 10, 2026.
• To regain compliance, the company’s common stock must trade at or above $1.00 per share for ten consecutive trading days; the company has stated there is no assurance it will regain compliance or succeed on appeal.

Why It Matters A Nasdaq delisting would remove SCWorx’s common stock from the Nasdaq Capital Market, likely reducing liquidity and investor access and potentially negatively affecting the market price. The 1‑for‑15 reverse split reduces the number of outstanding shares and was intended to help meet the $1 bid‑price requirement, but regaining compliance depends on the post‑split trading price and the outcome of the company’s appeal.