SCWorx Corp. (WORX) details partial relief on Nasdaq listing
Rhea-AI Filing Summary
SCWorx Corp. details its efforts to maintain its listing on The Nasdaq Capital Market after previously falling below Nasdaq’s $1.00 per share minimum bid price requirement and receiving a delisting determination.
Following an appeal and a June 17, 2026 Nasdaq Hearings Panel decision granting continued listing subject to conditions, SCWorx received a partial compliance letter on July 24, 2026 confirming it satisfied the first provision of its compliance plan. The company must still comply with all remaining Nasdaq Listing Rules, including maintaining the minimum bid price for 20 consecutive trading days, and states there can be no assurance it will ultimately regain full compliance.
Positive
- Partial compliance milestone achieved: Nasdaq issued a partial compliance letter on July 24, 2026 confirming SCWorx satisfied the first provision of its approved plan to regain eligibility for continued listing.
- Conditional continued listing granted: On June 17, 2026 the Nasdaq Hearings Panel granted SCWorx continued listing on The Nasdaq Capital Market, subject to completion of specified compliance conditions.
Negative
- Ongoing Nasdaq compliance risk: SCWorx remains subject to Nasdaq’s $1.00 minimum bid price requirement for 20 consecutive trading days and states there can be no assurance it will satisfy all remaining listing conditions.
Filing Explained
The filing further states that SCWorx must immediately notify Nasdaq of material changes or circumstances that could affect compliance, while the Hearings Panel may reconsider the continued-listing exception if developments make continued listing inadvisable or unwarranted.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Minimum bid price: $1.00 per share
Consecutive trading days: 20 trading days
Initial Nasdaq deficiency notice date: April 10, 2025
+3 more
6 metrics
Minimum bid price
$1.00 per share
Nasdaq minimum bid price requirement under Nasdaq Listing Rule 5815(c)(4)
Consecutive trading days
20 trading days
Period SCWorx must maintain at least a $1.00 closing bid price to demonstrate compliance
Initial Nasdaq deficiency notice date
April 10, 2025
Date Nasdaq notified SCWorx it no longer met the minimum bid price requirement
Nasdaq removal date
April 14, 2026
Date SCWorx was removed from the Nasdaq Stock Market for failing to regain compliance
Panel continued listing decision date
June 17, 2026
Date Nasdaq Hearings Panel granted conditional continued listing on The Nasdaq Capital Market
Partial compliance letter date
July 24, 2026
Date Nasdaq issued partial compliance letter confirming SCWorx met the first provision of its plan
Key Terms
Nasdaq Hearings Panel, minimum bid price requirement, Nasdaq Listing Rule 5815(c)(4), continued listing, +1 more
5 terms
Nasdaq Hearings Panel regulatory
"received a partial compliance letter from the Nasdaq Hearings Panel confirming completion"
A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.
minimum bid price requirement regulatory
"must demonstrate compliance with 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.
Nasdaq Listing Rule 5815(c)(4) regulatory
"for a minimum of twenty (20) consecutive trading days, as required under Nasdaq Listing Rule 5815(c)(4)"
continued listing regulatory
"approved plan to regain compliance for continued listing on The Nasdaq Capital Market"
When a stock receives a "continued listing," it means the exchange has decided the company’s shares will remain tradable on that market after a review or challenge, often because the company met certain requirements or corrective steps. For investors this matters because continued listing preserves liquidity and access to buy or sell the stock—think of it as a store passing an inspection so customers can keep shopping rather than being forced to close.
partial compliance letter regulatory
"received a partial compliance letter from the Nasdaq Hearings Panel confirming completion"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What Nasdaq issue is SCWorx Corp. (WORX) addressing in this 8-K?
SCWorx is addressing its efforts to maintain listing on The Nasdaq Capital Market after falling below the $1.00 per share minimum bid price requirement. It outlines the appeal process, the Hearings Panel’s conditional continued listing decision, and receipt of a partial compliance letter.
What conditions must SCWorx (WORX) meet to regain Nasdaq compliance?
SCWorx must demonstrate compliance with Nasdaq’s $1.00 per share minimum bid price requirement by maintaining a closing bid of at least $1.00 for 20 consecutive trading days and comply with other applicable Nasdaq Listing Rules tied to its conditional continued listing.
What is the significance of the July 24, 2026 partial compliance letter for WORX?
The July 24, 2026 partial compliance letter from Nasdaq confirms SCWorx satisfied the first provision or benchmark of its approved plan to regain eligibility for continued listing, marking progress but not completion of the company’s broader Nasdaq compliance obligations.
When did Nasdaq first notify SCWorx (WORX) about its bid price deficiency?
Nasdaq notified SCWorx on April 10, 2025 that it no longer met the minimum bid price rule, after the company’s closing bid price was below $1.00 for 30 consecutive business days from February 26, 2025 through April 9, 2025.
What actions did SCWorx (WORX) take after its April 2026 Nasdaq removal?
After being removed from the Nasdaq Stock Market on April 14, 2026 for failing to regain compliance, SCWorx appealed the staff’s delisting determination, appeared before a Nasdaq Hearings Panel on May 12, 2026, and obtained a conditional continued listing decision on June 17, 2026.
What could happen if SCWorx (WORX) fails to meet Nasdaq’s remaining conditions?
The Panel expressly reserved the right to reconsider the terms of the exception if developments make continued listing inadvisable or unwarranted, and SCWorx cautions there can be no assurance it will be successful in regaining full compliance with Nasdaq Listing Rules.