SCWorx Faces Nasdaq Delisting Notice After Public Float Value Drops Below Minimum

summarizeSummary

SCWorx received a Nasdaq delisting notice for failing to maintain a $1 million minimum market value of publicly held shares, adding a new compliance crisis just weeks after shareholders approved a reverse split to fix a separate listing deficiency.

check_boxKey Events · Legal and Risk Events · WORX

• Nasdaq MVPHS Deficiency Notice

  On July 24, 2026, Nasdaq notified SCWorx that its Market Value of Publicly Held Shares (MVPHS) had fallen below the $1 million minimum for 30 consecutive business days (June 10–July 23, 2026), violating Listing Rule 5550(a)(5).

• 180-Day Compliance Period

  To regain compliance, SCWorx must maintain an MVPHS of at least $1 million for a minimum of 10 consecutive business days by January 20, 2027, though Nasdaq may require up to 20 days.

• Second Listing Crisis in Two Months

  This new deficiency arrives just weeks after shareholders approved a reverse stock split to address a separate bid-price deficiency, underscoring the company's fragile Nasdaq listing status.

• Delisting Risk if Compliance Fails

  If SCWorx does not regain MVPHS compliance by the deadline, Nasdaq will issue a delisting notice; the company could appeal, but success is uncertain given its sub-$1 million market cap.

auto_awesomeAnalysis · WORX · Technology

SCWorx received a Nasdaq deficiency notice because its market value of publicly held shares fell below the $1 million minimum for 30 consecutive days. This marks the second listing crisis in two months — the company just won conditional approval to stay listed by getting a reverse split approved, and now faces a new, separate delisting threat. The 180-day clock to fix the MVPHS runs through January 20, 2027, but with a market cap under $1 million and a stock price near $0.60, regaining compliance will be extremely difficult. If SCWorx fails, its stock moves to the OTC, where liquidity and investor access dry up.