SCWorx Receives Nasdaq Hearings Panel Partial Compliance Letter for the Company’s Continued Listing on the Nasdaq Capital Market

Rhea-AI Summary

SCWorx (Nasdaq: WORX) announced that it received a partial compliance letter from the Nasdaq Hearings Panel, confirming completion of the first benchmark in its plan to regain full compliance for continued listing on the Nasdaq Capital Market. Under the Panel’s decision, SCWorx must still achieve a minimum closing bid price of $1.00 per share for at least 20 consecutive trading days, as required by Nasdaq Listing Rule 5815(c)(4). The company must promptly inform Nasdaq of any material changes to its compliance plan or circumstances affecting its ability to meet the exception’s conditions, and the Panel has reserved the right to reconsider the exception terms. SCWorx’s CEO stated that maintaining the Nasdaq listing is a strategic priority and that the company intends to take all actions necessary to satisfy the Panel’s conditions and update investors on its progress.

Positive

• Nasdaq Panel confirms first benchmark completed in compliance plan
• Company retains continued listing path via granted compliance exception
• Management reiterates strategic priority of maintaining Nasdaq listing

Negative

• Must achieve $1.00 minimum bid for 20 consecutive trading days
• Panel may reconsider exception if adverse developments occur
• Ongoing obligation to report material changes that could affect compliance

Market Context

SCWorx’s June 23 Nasdaq listing decision was followed by a 115.5% 24-hour move, giving this letter a...

Analysis

SCWorx’s June 23 Nasdaq listing decision was followed by a 115.5% 24-hour move, giving this letter a directly relevant historical comparison. The partial benchmark still leaves conditions and the Panel’s reconsideration right as material risks to monitor.

Key Figures

Minimum bid price: $1.00 per share Required closing-bid duration: 20 consecutive trading days

2 metrics

Minimum bid price $1.00 per share Nasdaq continued-listing requirement

Required closing-bid duration 20 consecutive trading days Nasdaq Listing Rule 5815(c)(4)

Historical Context

4 past events · Latest: Jul 08 (Positive)

Pattern 4 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 08	AI deployment	Positive	+0.5%	Announced deployment of an AI-assisted healthcare supply chain data management model.
Jun 23	Nasdaq listing decision	Positive	+115.5%	Nasdaq panel allowed continued listing subject to specified compliance conditions.
Apr 22	Customer wins	Positive	+1.2%	Announced two new customer engagements through a strategic partner channel.
Mar 04	SaaS customer agreement	Positive	-24.8%	Signed a healthcare provider customer agreement supporting Workday implementation and ERP optimization.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Three of four recent positive announcements aligned with positive 24-hour reactions, while one positive customer announcement diverged.

Key Terms

data normalization, minimum bid price requirement, closing bid price

3 terms

data normalization technical

"a provider of data normalization and supply chain solutions"

Data normalization is the process of cleaning and adjusting disparate datasets so values follow the same scale, units and format, making them directly comparable. For investors this matters because normalized data reduces misleading differences caused by reporting styles, currencies or outliers, improving the accuracy of valuations, trend analysis and model inputs — like converting all recipes to the same measurement system so you can fairly compare how they turn out.

minimum bid price requirement regulatory

"Nasdaq's minimum bid price requirement by achieving a closing bid price"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

closing bid price financial

"achieving a closing bid price of at least $1.00 per share"

The closing bid price is the last price that a buyer was willing to pay for a security at the end of the trading day. It reflects the final visible demand for the stock — like the last offer someone makes for a used car before a yard closes — and helps investors gauge market interest, set valuations, and mark portfolios to market for that day.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MIDDLETON, MA, July 29, 2026 (GLOBE NEWSWIRE) -- SCWorx Corp. ("SCWorx" or the "Company"), a provider of data normalization and supply chain solutions for the healthcare industry, today announced that it has received a partial compliance letter from the Nasdaq Hearings Panel (the "Panel") confirming completion of the first benchmark for the Company’s approved plan to regain compliance for continued listing on The Nasdaq Capital Market.

Under the terms of the Panel's previous decision, SCWorx must demonstrate compliance with Nasdaq's minimum bid price requirement by achieving a closing bid price of at least $1.00 per share for a minimum of twenty (20) consecutive trading days, as required under Nasdaq Listing Rule 5815(c)(4).

The company must still immediately notify Nasdaq of any material changes to its compliance plan or any event, condition, or circumstance that could affect the Company's ability to satisfy the requirements of the exception granted previously. The Panel also reserved the right to reconsider the terms of the exception should any developments arise that, in the Panel's judgment, make continued listing of the Company's securities inadvisable or unwarranted.

"We appreciate the Panel's continued consideration and for the opportunity to continue our Nasdaq listing while we execute the next phases of our compliance plan," said Tim Hannibal, President and Chief Executive Officer of SCWorx. "Maintaining our Nasdaq listing remains a strategic priority as we continue to focus on expanding customer relationships, advancing our healthcare supply chain data management platform, and creating long-term value for shareholders."

The Company intends to take all actions necessary to satisfy the conditions established by the Panel and will continue to keep investors informed regarding its progress.

About SCWorx Corp.

SCWorx is a provider of data management and analytics solutions focused on improving operational efficiency, data accuracy, and cost savings for healthcare organizations. The Company’s platform enables the normalization, aggregation, and analysis of complex data sets to support supply chain optimization, financial performance, and regulatory compliance.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially. SCWorx undertakes no obligation to update any forward-looking statements except as required by law.

Investor Relations Contact:

SCWorx Investor Relations

ir@scworx.com

FAQ

What did SCWorx (WORX) announce about its Nasdaq listing on July 29, 2026?

SCWorx announced it received a Nasdaq Hearings Panel partial compliance letter confirming completion of the first benchmark in its compliance plan. According to SCWorx, this supports its continued listing path on the Nasdaq Capital Market under specific ongoing conditions.

What is the Nasdaq minimum bid price requirement affecting SCWorx (WORX)?

SCWorx must achieve a closing bid price of at least $1.00 per share for a minimum of 20 consecutive trading days. According to SCWorx, this condition is required under Nasdaq Listing Rule 5815(c)(4) to support regaining full listing compliance.

What does the partial compliance letter mean for SCWorx (WORX) shareholders?

The partial compliance letter confirms SCWorx completed the first benchmark of its Nasdaq compliance plan, keeping a path to continued listing. According to SCWorx, it intends to take all actions necessary to meet remaining conditions and update investors on progress.

What ongoing obligations does SCWorx (WORX) have under the Nasdaq Panel’s exception?

SCWorx must immediately notify Nasdaq of any material changes to its compliance plan or events affecting its ability to satisfy exception requirements. According to SCWorx, the Panel also reserved the right to reconsider the exception’s terms if warranted.

Can the Nasdaq Hearings Panel still delist SCWorx (WORX) after the partial compliance letter?

Yes. The Panel reserved the right to reconsider the exception’s terms if developments make continued listing inadvisable or unwarranted. According to SCWorx, satisfying the $1.00 minimum bid requirement remains a key remaining condition for continued listing.