SCWorx seeks Nasdaq delisting reversal after offering cures publicly held shares shortfall

Bitget2026/09/23 20:31

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SCWorx faces a Nasdaq delisting decision issued Sept. 17, 2026; shares remain quoted on the OTCQB Venture Market as WORX.
Nasdaq flagged noncompliance with the 500,000 publicly held shares minimum following an Aug. 3, 2026 1-for-12 reverse split.
A Sept. 16, 2026 private placement issued 449,860 shares; management believes the float deficiency is cured.
A request for the Nasdaq Hearings Panel to reconsider the delisting decision is pending, citing a mistake of material fact.
To regain bid-price compliance, the stock must close at or above $1 for 10 straight sessions by Oct. 5, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SCWorx Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-102644), on September 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SCWorx seeks Nasdaq delisting reversal after offering cures publicly held shares shortfall

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