Nasdaq Halts SCWorx Corp.

Rhea-AI Summary

The Nasdaq Stock Market (NDAQ) has revised the trading halt status for SCWorx Corp. (WORX) to "additional information requested" as of May 6, 2020. The company's stock was initially halted on April 22, 2020, at a price of $5.755. Trading will remain suspended until SCWorx Corp. provides the necessary information to Nasdaq.

Positive

• None.

Negative

• Trading in SCWorx Corp. remains halted, indicating potential issues that may affect investor confidence.
• The request for additional information suggests that there may be concerns regarding the company's compliance with Nasdaq requirements.

NEW YORK, May 06, 2020 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market^® (Nasdaq: NDAQ) announced that the trading halt status in SCWorx Corp. (Nasdaq: WORX) was changed to "additional information requested" from the company. Trading in the company’s stock had been halted on April 22, 2020 at 9:25:05 Eastern Time  at a last sale price of $5.755.

Trading will remain halted until SCWorx Corp. has fully satisfied Nasdaq’s request for additional information.

For news and additional information about the company, please contact the company directly or check under the company’s symbol using InfoQuotes^SM on the Nasdaq^® Web site.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com.

NDAQO

Nasdaq Media Contact:
Bianca Fata
Bianca.Fata@nasdaq.com

FAQ

What does it mean when a stock is on a trading halt status at Nasdaq (NDAQ)?

When a stock is on trading halt status, it means that trading of that stock is temporarily suspended, often due to pending news or compliance issues.

Why was trading halted for SCWorx Corp. (WORX) on April 22, 2020?

Trading for SCWorx Corp. was halted to allow Nasdaq to gather additional information regarding the company.

When will SCWorx Corp. (WORX) resume trading after the halt by Nasdaq (NDAQ)?

Trading will resume once SCWorx Corp. satisfactorily addresses Nasdaq's request for additional information.

What was the last sale price of SCWorx Corp. (WORX) before the halt?

The last sale price of SCWorx Corp. before the trading halt was $5.755.