SCWorx Granted 180-Day Nasdaq Extension to Regain $1 Minimum Bid Price Compliance

Reuters10-14
SCWorx Granted 180-Day Nasdaq Extension to Regain $1 Minimum Bid Price Compliance

SCWorx Corporation announced that it has received a notice from Nasdaq indicating the company no longer meets the minimum $1.00 per share bid price requirement for continued listing on the Nasdaq Capital Market. Nasdaq has granted SCWorx a 180-day extension, until April 6, 2026, to regain compliance. The company must achieve a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days during this period. If compliance is not met, SCWorx plans to implement a reverse stock split, as previously approved by shareholders, to address the deficiency. The company's stock will continue trading under the symbol "WORX" while it works to resolve the issue.

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