Nasdaq Delisting Notice Hits SCWorx as Public Float Drops Below 500,000 Shares
Summary
SCWorx received a Nasdaq delisting notice after its reverse split cut publicly held shares to 89,782, below the 500,000 minimum. The company must respond to the Hearings Panel by September 9, 2026, and may need to issue dilutive shares to regain compliance.
Key Events · Legal and Risk Events · WORXD
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Nasdaq Delisting Notice Received
On September 2, 2026, Nasdaq notified SCWorx that it no longer meets the 500,000 publicly held shares requirement, with only 89,782 publicly held shares outstanding.
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Bid Price Compliance Nullified
Despite maintaining a $1.00+ closing bid price for twenty consecutive trading days, SCWorx is not considered compliant with the Bid Price Requirement because the reverse split caused the publicly held shares deficiency.
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Hearings Panel Deadline
SCWorx must submit its views to the Nasdaq Hearings Panel in writing no later than September 9, 2026, and the Panel will consider this deficiency in its delisting decision.
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MVPHS Deficiency Remains
SCWorx also remains non-compliant with the $1,000,000 minimum market value of publicly held shares requirement, with a compliance period expiring January 20, 2027.
Analysis · WORXD · Technology
A formal delisting notice from Nasdaq landed on September 2, 2026, after SCWorx's 1-for-12 reverse stock split slashed publicly held shares to just 89,782—far below the 500,000 minimum. Meeting the $1.00 bid price for twenty consecutive days wasn't enough, because Nasdaq rules block regaining compliance until the public float deficiency is cured. The company must present its case to the Hearings Panel by September 9, 2026, and separately faces an MVPHS deficiency with a January 20, 2027 deadline. Management concedes that regaining compliance likely requires issuing additional shares, a move that would dilute existing holders and could push the stock back below $1.00.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 43.8% of the 571 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.55%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, WORXD was trading at $5.25 on OTC in the Technology sector, with a market capitalization of approximately $471.4K. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.