SCWorx seeks Nasdaq delisting reversal after offering cures publicly held shares shortfall
Bitget2026/09/23 20:31- 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: 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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