SCWorx warned by Nasdaq over $1M MVPHS shortfall
Rhea-AI Filing Summary
SCWorx Corp. received a Nasdaq notice dated July 24, 2026 stating that its Market Value of Publicly Held Shares (MVPHS) did not meet the required minimum of $1,000,000 for 30 consecutive business days, from June 10, 2026 through July 23, 2026, under Nasdaq Listing Rule 5550(a)(5).
This triggers a 180‑day compliance period through January 20, 2027. If at any time in that period SCWorx’s MVPHS is at least $1,000,000 for a minimum of ten consecutive business days (or a longer period Nasdaq may require, up to twenty days), Nasdaq will confirm compliance. The company is reviewing alternatives to regain and sustain compliance; as of the date of the report, the board had not chosen a specific course of action. Failure to regain compliance would subject the common stock to delisting, though SCWorx could appeal, with no assurance of success.
Positive
- None.
Negative
- Nasdaq MVPHS deficiency and delisting risk: Nasdaq notified SCWorx that its Market Value of Publicly Held Shares was below the $1,000,000 minimum for 30 consecutive business days, starting a 180‑day cure period to January 20, 2027 and exposing the stock to potential Nasdaq delisting if compliance is not regained.
8-K Event Classification
2 items: 3.01, 9.01
2 items
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Securities
The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
MVPHS minimum requirement: $1,000,000
Deficiency measurement period: 30 business days
Compliance period length: 180 calendar days
+2 more
5 metrics
MVPHS minimum requirement
$1,000,000
Minimum Market Value of Publicly Held Shares under Nasdaq Listing Rule 5550(a)(5)
Deficiency measurement period
30 business days
June 10, 2026 to July 23, 2026 period when MVPHS was below the minimum
Compliance period length
180 calendar days
Time allowed to regain MVPHS compliance, ending January 20, 2027
Compliance deadline
January 20, 2027
End of Nasdaq MVPHS compliance period for SCWorx
Minimum consecutive days to regain compliance
10–20 business days
Nasdaq generally requires at least 10, and may require up to 20, consecutive days at or above $1,000,000 MVPHS
Key Terms
Market Value of Publicly Held Shares, Nasdaq Listing Rule 5550(a)(5), continued listing requirements, Nasdaq Deficiency Notice, +1 more
5 terms
Nasdaq Listing Rule 5550(a)(5) regulatory
"as required by Nasdaq Listing Rule 5550(a)(5)"
continued listing requirements regulatory
"with the MVPHS Requirement and with all other applicable Nasdaq continued listing requirements"
Rules a stock exchange sets that a publicly traded company must keep meeting to stay listed and tradable on that exchange, such as minimum share price, market value, timely financial reports, and basic governance practices. Like a club’s membership rules, they matter because falling short can lead to warnings, penalties or removal from the exchange, which can cut liquidity, hurt share value and increase the risk for investors.
Nasdaq Deficiency Notice regulatory
"The Company is reviewing the Nasdaq Deficiency Notice and evaluating the alternatives"
A Nasdaq deficiency notice is a formal letter from the Nasdaq stock exchange telling a listed company it has failed to meet one or more required standards—such as minimum share price, market value, or timely financial filings. It matters to investors because the notice begins a limited period for the company to fix the issue or risk being removed from the exchange, which can reduce trading liquidity, increase volatility, and signal elevated risk—like a warning light that, if not addressed, can lead to bigger problems.
delisting regulatory
"its Common Stock is subject to delisting. At that time, the Company may appeal"
Delisting occurs when a company's stock is removed from a stock exchange and is no longer available for trading there. This can happen voluntarily or because the company no longer meets the exchange's requirements. For investors, delisting means they can no longer buy or sell shares of that company on the exchange, which may make it more difficult to sell their investments or affect the stock's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What Nasdaq rule did SCWorx (WORX) fail to satisfy?
SCWorx failed to satisfy Nasdaq Listing Rule 5550(a)(5), which requires a minimum Market Value of Publicly Held Shares (MVPHS) of $1,000,000. Nasdaq found the company’s MVPHS below that level for 30 consecutive business days ending July 23, 2026.
What MVPHS level must SCWorx (WORX) reach to regain Nasdaq compliance?
To regain compliance, SCWorx must have an MVPHS of at least $1,000,000 for a minimum of ten consecutive business days. Nasdaq may, at its discretion, require the MVPHS to meet this threshold for up to twenty consecutive business days before confirming compliance.
How long does SCWorx (WORX) have to cure the Nasdaq MVPHS deficiency?
SCWorx has a 180‑day compliance period through January 20, 2027 to cure the MVPHS deficiency. Any time during that period, achieving the required MVPHS level for the specified consecutive days would allow Nasdaq to confirm the company has regained compliance.
What happens if SCWorx (WORX) does not regain Nasdaq MVPHS compliance by January 20, 2027?
If SCWorx does not regain MVPHS compliance by January 20, 2027, Nasdaq will issue written notification that its common stock is subject to delisting. The company could appeal the decision to a Nasdaq hearings panel, but there is no assurance any appeal would succeed.
What actions is the SCWorx (WORX) board considering after the Nasdaq deficiency notice?
SCWorx states its board is reviewing the Nasdaq Deficiency Notice and evaluating alternatives to regain and sustain compliance with the MVPHS requirement and other continued listing standards. As of the report date, the board had not determined which alternative or combination of alternatives, if any, it will pursue.
AI-generated analysis. How Rhea-AI works. Not financial advice.
