SCWorx Granted 180-Day Extension to Meet Nasdaq Minimum Bid Price Requirement
SCWorx (Nasdaq: WORX) received a written 180-day extension from Nasdaq to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).
The extension moves the compliance deadline to April 6, 2026. Nasdaq noted SCWorx meets the Capital Market's other initial listing requirements except the $1.00 minimum bid price. If the share price closes at or above $1.00 for ten consecutive business days during the extension, Nasdaq will confirm compliance. If compliance is not achieved, Nasdaq may notify SCWorx of delisting and the company may appeal to a Nasdaq Hearings Panel, with listing remaining pending the Panel's decision.
SCWorx (Nasdaq: WORX) ha ottenuto una proroga scritta di 180 giorni da Nasdaq per raggiungere la conformità al requisito di prezzo minimo di offerta previsto dal Nasdaq Listing Rule 5550(a)(2).
La proroga sposta la scadenza della conformità al 6 aprile 2026. Nasdaq ha osservato che SCWorx soddisfa gli altri requisiti iniziali di quotazione del Capital Market, ad eccezione del prezzo minimo di offerta $1.00. Se il prezzo delle azioni chiuderà pari o superiore a $1.00 per dieci giorni lavorativi consecutivi durante la proroga, Nasdaq confermerà la conformità. Se la conformità non viene raggiunta, Nasdaq può notificare SCWorx della possibilità di delisting e la società può presentare ricorso a un Nasdaq Hearings Panel, con la quotazione che resta pendente la decisione del Panel.
SCWorx (Nasdaq: WORX) recibió una extensión escrita de 180 días por parte de Nasdaq para volver a cumplir con el requisito de precio mínimo de oferta bajo la Regla de Listing 5550(a)(2) de Nasdaq.
La extensión mueve la fecha límite de cumplimiento a 6 de abril de 2026. Nasdaq señaló que SCWorx cumple con los demás requisitos iniciales de cotización del Capital Market, excepto el precio mínimo de oferta de $1.00. Si el precio de la acción cierra en o por encima de $1.00 durante diez días hábiles consecutivos durante la extensión, Nasdaq confirmará el cumplimiento. Si no se alcanza el cumplimiento, Nasdaq puede notificar a SCWorx de la posibilidad de exclusión y la empresa puede apelar ante un Panel de Audiencias de Nasdaq, manteniéndose la cotización pendiente de la decisión del Panel.
SCWorx (나스닥: WORX)는 나스닥으로부터 최소 매수가 요건을 충족하기 위한 180일 서면 연장을 받았습니다. 이는 나스닥 상장 규정 5550(a)(2)에 따른 것입니다.
연장은 준수 기한을 2026년 4월 6일로 연장합니다. 나스닥은 SCWorx가 자본시장 초기 상장 요건의 다른 부분은 충족하지만 $1.00의 최소 매수가 요건은 충족되지 않는다고 언급했습니다. 이 연장 기간 동안 주가가 10거래일 연속으로 $1.00 이상으로 마감하면 나스닥은 준수를 확인할 것입니다. 준수 여부가 달성되지 않으면 나스닥은 SCWorx에 상장폐지를 통지할 수 있으며 회사는 나스닥 심리위원회에 항소할 수 있고, 위원회의 결정이 내려질 때까지 상장은 보류됩니다.
SCWorx (Nasdaq: WORX) a reçu une extension écrite de 180 jours de Nasdaq pour se conformer à l’exigence de prix d’offre minimum selon la règle de cotation Nasdaq 5550(a)(2).
L’extension repousse la date limite de conformité à le 6 avril 2026. Nasdaq a noté que SCWorx répond aux autres exigences initiales de cotation du Capital Market, à l’exception du prix d’offre minimum de $1.00. Si le cours des actions clôture à 1,00 $ ou plus pendant dix jours ouvrables consécutifs au cours de l’extension, Nasdaq confirmera la conformité. Si la conformité n’est pas atteinte, Nasdaq peut notifier SCWorx d’un retrait de liste et l’entreprise peut faire appel devant une Nasdaq Hearings Panel, la cotation restant en suspens jusqu’à la décision du Panel.
SCWorx (Nasdaq: WORX) erhielt eine schriftliche 180-tägige Verlängerung von Nasdaq, um die Einhaltung der Mindestkursanforderung gemäß Nasdaq Listing Rule 5550(a)(2) wiederherzustellen.
Die Verlängerung verschiebt die Frist für die Compliance auf den 6. April 2026. Nasdaq stellte fest, dass SCWorx die anderen anfänglichen Listing-Anforderungen des Capital Market erfüllt, mit Ausnahme des $1.00 Mindestkurs. Wenn der Aktienkurs während der Verlängerung zehn aufeinanderfolgende Handelstage lang bei 1,00 $ oder höher schließt, wird Nasdaq die Einhaltung bestätigen. Wird die Einhaltung nicht erreicht, kann Nasdaq SCWorx über eine Delisting informieren und das Unternehmen kann gegen ein Nasdaq Hearings Panel Berufung einlegen, wobei die Notierung bis zur Entscheidung des Panels ausgesetzt bleibt.
SCWorx (ناسداك: WORX) تلقّت تمديداً كتابياً لمدة 180 يوماً من ناسداك لاستعادة الامتثال لمتطلب سعر العرض الأدنى بموجب قاعدة الإدراج 5550(a)(2) في ناسداك.
يُعيد التمديد بموعد الامتثال إلى 6 أبريل 2026. أشارت ناسداك إلى أن SCWorx تفي بباقي متطلبات الإدراج الأولية في سوق رأس المال باستثناء سعر العرض الأدنى $1.00. إذا أغلق سعر السهم عند 1.00 دولار أو أعلى لمدة عشرة أيام عمل متتالية خلال فترة التمديد، ستؤكد ناسداك الامتثال. إذا لم يتم الامتثال، قد تُبلغ ناسداك SCWorx بإلغاء الإدراج ويمكن للشركة أن تستأنف أمام لجنة جلسات ناسداك، مع بقاء الإدراج معلقاً حتى قرار اللجنة.
SCWorx (纳斯达克：WORX) 收到了纳斯达克的书面延长期限180天，以重新符合纳斯达克上市规则5550(a)(2)的最低买入价要求。
这次延长期将合规截止日期推至2026年4月6日。纳斯达克指出，SCWorx 除< b>$1.00的最低买入价外，符合资本市场的其他初始上市要求。如果股价在延期间连续十个交易日收于或高于$1.00，纳斯达克将确认合规性。如果未达成合规，纳斯达克可通知SCWorx退市，并且公司可向纳斯达克听证小组提出上诉，在小组决定之前，上市将保持待定。
- Nasdaq granted a 180-day extension to regain compliance
- Nasdaq confirmed all other initial listing requirements are met except bid price
- Compliance deadline extended to April 6, 2026, risk of delisting thereafter
- Company has had bid price deficiency since April 10, 2025
Insights
SCWorx received a 180-day Nasdaq extension to regain the
SCWorx keeps its Nasdaq Capital Market listing for now because Nasdaq confirmed the company meets other initial listing requirements except the bid-price rule. The exchange granted a second compliance period after the company said it may cure the deficiency and could effect a reverse stock split.
The primary risk is failure to trade at or above
Watch the closing bid over rolling ten-day windows and any announced corporate actions such as a reverse stock split. The near-term horizon is the compliance window ending
Middleton, MA, Oct. 14, 2025 (GLOBE NEWSWIRE) -- SCWorx Corp (Nasdaq: WORX) ("SCWorx" or the "Company"), a software-as-a-service company focused on data management for healthcare providers received written notification from the Listing Qualification Department of The Nasdaq Stock Market LLC ("Nasdaq") granting the Company's request for a 180-day extension to regain compliance with Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The Company now has until April 6, 2026 to meet the requirement.
Nasdaq's extension notice has no immediate effect on the continued listing status of the Company's common stock on The Nasdaq Capital Market LLC under the symbol "WORX". If at any time during the additional 180-day extension, the bid price of the Company's common stock closes at, or above,
Nasdaq's determination is based on the Company meeting the continued listing requirement for market value of publicly held shares as well as all other applicable requirements for initial listing on the Capital Market with the exception of the bid price requirement, and the Company's written notice of its intention to cure the deficiency during the second compliance period and if necessary, effecting a reverse stock split.
The Company was first notified by Nasdaq of its failure to maintain a minimum bid price of
If the Company does not meet the minimum bid requirement during the additional 180-day extension, Nasdaq will provide written notification to the Company that its common stock will be subject to delisting. At such time, the Company may appeal the delisting determination to a Nasdaq Hearings Panel (the "Panel"). The Company would remain listed pending the Panel's decision. There can be no assurance that if the Company does appeal a subsequent delisting determination, that such appeal would be successful.
About SCWorx Corp.
SCWorx has created an advanced attributed virtualized item data warehouse utilizing machine learning and artificial intelligence to offer a suite of software-as-a-service-based solutions for healthcare providers. The value proposition for customers revolves around the full integration of all solution modules with the company’s data platform for cost savings, operational efficiency and accurate benchmarking and reporting. The solution modules include Virtual Item Master, data cleanse and normalization, contract management and request for pricing (RFP) module, automated rebate management module, data interoperability (EMR, MMIS, finance) module, Automated Item Add Portal, Virtual General Ledger, and the data analytics module. SCWorx creates a single source for information for the healthcare provider’s data governance and analytics requirements.
Forward-Looking Statements
This press release contains “forward-looking statements” that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future contract renewals and terminations, future financial position, prospects, plans and objectives of management are forward-looking statements. You can identify many (but not all) such forward-looking statements by looking for words such as “assumes,” “approximates,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “seeks,” “intends,” “plans,” “could,” “would,” “may” or other similar expressions. You should not place undue reliance on these forward-looking statements. Such statements are based on management’s current expectations and involve risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including, without limitation, economic disruptions affecting our customers, unexpected contract terminations, securing future contracts and orders, future product sourcing, supply disruptions, containing costs, the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations, the availability of sufficient resources of the company to meet its business objectives and operational requirements and other important factors that are detailed in filings with the Securities and Exchange Commission made from time to time by SCWorx, including its Annual Report on Form 10-K for the year ended December 31, 2021, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Matters described in forward-looking statements may also be affected by other known and unknown risks, trends, uncertainties and factors, many of which are beyond the Company’s ability to control or predict. SCWorx undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contacts:
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Source: SCWorx Corp.
FAQ
What compliance extension did SCWorx (WORX) receive from Nasdaq on October 14, 2025?
What triggers Nasdaq to confirm WORX compliance during the extension period?
What happens if SCWorx (WORX) fails to meet the $1.00 bid price by April 6, 2026?
Does the Nasdaq extension affect WORX's current listing status?
When was SCWorx first notified of the minimum bid price deficiency for WORX?
Can SCWorx use a reverse stock split to regain Nasdaq compliance for WORX?
