SCWorx Corp. (WORX) Form 8-K — Sep 4, 2026
SCWorx Corp. received a Nasdaq letter on September 2, 2026 notifying it that it no longer satisfies the requirement to maintain a minimum of 500,000 publicly held shares, with the company reporting only 89,782 publicly held shares. The letter formally serves as an additional basis for delisting the company's securities from the Nasdaq Capital Market. The shortfall stems from the 1-for-12 reverse stock split effected August 3, 2026 to cure the $1.00 bid price deficiency.
Key figures
- Reverse split ratio
- 1-for-12
- Publicly held shares
- 89782
- Mvphs requirement usd
- 1000000
- Mvphs compliance deadline
- January 20, 2027
- Bid price sustained through
- August 31, 2026
- Reverse split effective date
- 2026-08-03
- Panel written response deadline
- September 9, 2026
- Minimum bid price requirement usd
- 1
- Minimum publicly held shares required
- 500000
AI analysis
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