SCWorx wins Nasdaq panel approval to pursue relisting via reverse stock split plan

SCWorx Corp

SCWorx Corp

WORX

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  • SCWorx won a Nasdaq panel decision allowing its stock to stay listed, subject to conditions tied to regaining the $1 minimum bid.
  • Trading has been suspended since April 14 due to the bid-price shortfall.
  • It must secure shareholder backing for a reverse split by July 22, execute the split by Aug. 3.
  • It must then show a closing bid at or above $1 for 20 straight sessions by Aug. 28 to restore trading.
  • Failure to meet deadlines would leave the shares quoted on OTC Markets; the stock has been cleared for OTCQB.


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