The Nasdaq Hearings Panel granted SCWorx Corp.'s request for reconsideration and approved the company's continued listing on The Nasdaq Capital Market, reversing the Panel's September 17, 2026 delisting decision. The Panel determined that SCWorx now meets Nasdaq's continued listing requirements, including the minimum bid price rule 5550(a)(2) and the minimum publicly held shares rule 5550(a)(4). Trading in SCWorx common stock on Nasdaq, suspended since April 14, 2026, will be reinstated on a date to be scheduled by Nasdaq, and the stock will continue to be quoted on the OTCQB Venture Market under the symbol WORX until then. The decision followed the company's September 16, 2026 private placement, which together with warrant exercises raised publicly held shares to 549,092 as of September 17, 2026, above the 500,000-share minimum, and the closing bid price has been at or above $1.00 per share every trading day since August 4, 2026. As conditions, the Panel required disclosure that each private placement investor agreed not to exercise its termination right, imposed a Discretionary Panel Monitor for a one-year period ending October 2, 2027, and required monthly reports of shares outstanding, insider holdings and public float through October 5, 2027.
Scworx CorpNasdaq Hearings Panel reversed the delisting and approved SCWorx's continued listing on the Nasdaq Capital Market, reinstating trading.
