SCWorx risks Nasdaq delisting after falling below minimum publicly held shares requirement

Reuters2026/09/04 21:04

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Nasdaq warned SCWorx on Sept. 2, 2026 it no longer meets the 500,000 publicly held shares rule, adding to delisting risk.
Public float fell to 89,782 shares, based on the company’s Sept. 1, 2026 confirmation to Nasdaq staff.
A 1-for-12 reverse split effective Aug. 3, 2026 helped sustain a $1 bid for 20 sessions, but triggered the float deficiency.
Nasdaq deems the stock still non-compliant on bid price until float is restored, then holds $1+ for at least 10 days.
The hearings panel will weigh the added deficiency; SCWorx must respond by Sept. 9, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SCWorx Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-097750), on September 04, 2026, and is solely responsible for the information contained therein.

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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SCWorx risks Nasdaq delisting after falling below minimum publicly held shares requirement

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