SCWorx Gets Conditional Nasdaq Listing, Must Execute New Reverse Split and $1.00 Compliance
WORX has more than doubled off its 52-week low of $0.26 on elevated volume (1.8× avg).
Summary
SCWorx received conditional approval from Nasdaq to avoid immediate delisting, a critical development after a series of compliance issues. This follows a 1-for-15 reverse split in April and recent proposals for another reverse split up to 1-for-20 to meet the minimum bid price. To maintain its listing, the company must obtain shareholder approval for a new reverse split by July 22, 2026, effect it by August 3, 2026, and then achieve a $1.00 closing bid for 20 consecutive days by August 28, 2026. Failure to meet these strict deadlines will result in delisting to the OTCQB.
At the time of this announcement, WORX was trading at $0.67 on OTC in the Technology sector, with a market capitalization of approximately $341.4K. The 52-week trading range was $0.26 to $147.74. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Wiseek News.