SCWorx Corp. 8-K

What Happened SCWorx Corp. announced that on June 17, 2026 a Nasdaq Hearings Panel granted its appeal and allowed the company to continue listing its common stock on Nasdaq, subject to specific conditions. Trading in WORX was previously suspended on April 14, 2026 for failing to meet Nasdaq’s $1.00 minimum bid price requirement (Nasdaq Listing Rule 5550(a)(2)). The Panel’s decision gives SCWorx a path to reinstatement if it completes a reverse stock split and demonstrates sustained compliance with the $1.00 bid-price rule.

Key Details

• Trading suspension date: April 14, 2026 (failure to meet $1.00 minimum bid).
• Panel decision date: June 17, 2026; press release issued June 23, 2026.
• Shareholder vote deadline: on or before July 22, 2026 — approval needed for a reverse stock split ratio sufficient to achieve a post-split price expected to meet the $1.00 rule.
• Reverse split effectiveness deadline: on or before August 3, 2026.
• Compliance demonstration: must show a closing bid ≥ $1.00 for at least 20 consecutive trading days on or before August 28, 2026.
• If conditions are not met by deadlines, WORX would be delisted from Nasdaq and continue trading on OTC markets; SCWorx already received approval to quote on the OTCQB.
• The Panel may revisit its decision if circumstances change, and the Nasdaq Listing and Hearing Review Council may review the decision within 45 days.

Why It Matters This decision gives SCWorx a narrowly defined opportunity to remain listed on Nasdaq, but it places urgent near-term actions and deadlines on the company and shareholders. Investors should watch the July shareholder vote, the announced reverse split ratio (which will reduce outstanding shares and change per-share ownership), and the stock’s post-split trading performance through late August. Failure to meet the conditions would likely move liquidity and visibility to the OTC market, which can affect trading volume, price transparency, and investor access.