SCWorx Corp. Seeks Reconsideration After Nasdaq Delisting Decision

What Happened

• SCWorx Corp. (WORX) reported that on September 17, 2026 the Nasdaq Hearings Panel issued a decision to delist its common stock. The Company says the Panel’s decision did not account for a private placement that closed on September 16, 2026 and, on September 18, 2026, formally requested the Panel to reconsider on the basis of a material factual mistake.
• Background: trading in WORX on Nasdaq has been suspended since April 14, 2026 and the stock currently trades on the OTCQB Venture Market. SCWorx had completed a 1-for-12 reverse stock split (effective August 3, 2026) and had temporarily met Nasdaq’s bid-price condition, but Nasdaq staff later concluded the reverse split left the Company below the minimum 500,000 publicly held shares required for continued Nasdaq listing.

Key Details

• Private placement closed Sept 16, 2026: 350,000 shares and warrants; plus exercise of outstanding warrants for 50,000 shares and issuance of 49,860 shares to the placement agent — a total of 449,860 shares issued in connection with the transactions.
• As a result, SCWorx believes it now has more than 500,000 Publicly Held Shares and that the Publicly Held Shares deficiency has been cured.
• Nasdaq Panel decision to delist was issued Sept 17, 2026; Company filed a request for reconsideration on Sept 18, 2026 and may seek review by the Nasdaq Listing and Hearing Review Council (by Oct 2, 2026 if needed).
• To regain compliance with Nasdaq’s Bid Price Rule the Company must evidence a closing bid of at least $1.00 per share for 10 consecutive trading days on or before Oct 5, 2026.

Why It Matters

• If Nasdaq finalizes delisting, trading on Nasdaq would cease and the stock would remain quoted on the OTCQB, which typically has lower visibility and liquidity than Nasdaq — a material consideration for retail and institutional investors.
• The Company contends the factual record supports reversal of the delisting decision, but there is no assurance the Panel or the review council will grant reconsideration or that SCWorx will meet the remaining bid‑price requirement by Oct 5, 2026. Investors should monitor upcoming Nasdaq actions and the Company’s trading status.