Nasdaq Panel Orders Delisting; SCWorx Files Reconsideration Citing Completed $938K Placement
WORX is trading near its 52-week low of $2.3 (13% above the low).
Summary
Nasdaq ordered SCWorx delisted, but the company is fighting the decision, arguing its $938K placement cured the deficiency. The reconsideration request is pending, and investors now have until October 15 to back out of the deal.
Key Events · Legal and Risk Events · WORX
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Nasdaq Panel Orders Delisting
On September 17, 2026, the Nasdaq Hearings Panel issued a decision to delist SCWorx's common stock, finding the company failed to cure its publicly held shares deficiency.
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Reconsideration Request Filed
SCWorx formally requested reconsideration on September 18, 2026, arguing the panel overlooked the $938K private placement that closed September 16, 2026, which the company believes restored compliance.
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Bid Price Compliance Deadline
To regain Nasdaq listing, SCWorx must evidence a closing bid price of at least $1.00 per share for 10 consecutive trading days on or before October 5, 2026.
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Placement Termination Right Extended
SCWorx extended the deadline for private placement purchasers to exercise their termination rights to October 15, 2026. If all purchasers terminate, the company must return $938,000 and cancel 350,000 shares and 350,000 warrants.
Analysis · WORX · Technology
SCWorx received a formal Nasdaq delisting decision on September 17, 2026, after the panel determined the company failed to cure its publicly held shares deficiency. The company argues the panel overlooked its $938K private placement that closed the day before, which it believes restored compliance. SCWorx has requested reconsideration and extended the deadline for placement investors to terminate their purchases to October 15, 2026. The stock continues to trade on OTCQB, but the path back to Nasdaq requires a $1.00 closing bid for 10 consecutive days by October 5, 2026 — a tight window with no assurance of success.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 39.9% of the 323 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.36%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WORX was trading at $2.60 on OTC in the Technology sector, with a market capitalization of approximately $233.5K. The 52-week trading range was $2.30 to $1,772.82. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.