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$WORX·8-K

SCWorx Corp. · Jul 29, 10:16 AM ET

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SCWorx Corp. 8-K

Research Summary

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Updated

SCWorx Corp. Granted Conditional Continued Nasdaq Listing After Appeal

What Happened
SCWorx Corp. (WORX) filed an 8-K reporting that after being notified in April 2025 of noncompliance with Nasdaq’s $1 minimum bid rule and removed from Nasdaq on April 14, 2026, the Company appealed. On June 17, 2026 a Nasdaq Hearings Panel granted continued listing subject to specific compliance conditions, and the Company reported a partial compliance acknowledgment from Nasdaq on July 24, 2026. The 8-K (filed July 29, 2026) notes the Company is working to meet the remaining conditions but that success is not guaranteed.

Key Details

  • Nasdaq initially notified SCWorx on April 10, 2025 that it failed to meet the $1 minimum bid requirement (based on Feb 26–Apr 9, 2025 prices).
  • The Company was removed from Nasdaq on April 14, 2026 and filed an appeal on April 9, 2026; the initial appeal meeting occurred May 12, 2026.
  • Hearings Panel decision (June 17, 2026) conditions:
    • Obtain shareholder approval for a reverse stock split (RSS) on or before July 22, 2026 at a ratio expected to produce a post-split price sufficient to comply;
    • Effect the reverse stock split on or before August 3, 2026;
    • Demonstrate compliance by evidencing a closing bid of ≥ $1.00 per share for at least 20 consecutive trading days on or before August 28, 2026.
  • On July 24, 2026 Nasdaq sent a partial compliance letter confirming the Company met the first condition (shareholder approval). The Company continues efforts to satisfy the rest.

Why It Matters

  • Continued listing avoids an immediate permanent delisting, which preserves liquidity and access to capital markets while the company works to comply.
  • The required reverse stock split will reduce share count and raise the per-share price; this can affect market float, share supply, and per-share valuation metrics.
  • Investors should monitor upcoming corporate actions (proxy/shareholder vote, reverse split) and the Company’s trading price for the 20-day compliance window; the filing warns there is no assurance SCWorx will successfully regain full compliance.