SCWorx Corp. announced on October 2, 2026, that the Nasdaq Hearings Panel has granted the company’s request for reconsideration of a previous decision to delist its common stock. The Panel determined that SCWorx has regained compliance with Nasdaq’s continued listing requirements, specifically the minimum bid price rule and the minimum publicly held shares rule. As a result, the company’s common stock, which has been suspended from trading on Nasdaq since April 14, 2026, is approved for continued listing on The Nasdaq Capital Market.
The reinstatement of trading is subject to Nasdaq scheduling a specific date for resumption. Until that occurs, the stock will continue to be quoted on the OTCQB Venture Market under the symbol “WORX.” The company is submitting the necessary reinstatement form to Nasdaq on October 5, 2026.
The Panel’s decision was based on the company’s execution of a private placement completed on September 16, 2026. This placement, which involved the sale of 350,000 shares of common stock and warrants, combined with the exercise of outstanding warrants, increased the company’s publicly held shares to 549,092 as of September 17, 2026. This figure exceeds the 500,000-share minimum required by Nasdaq Listing Rule 5550(a)(4). Additionally, the company’s closing bid price has remained at or above $1.00 per share since August 4, 2026.
As conditions for continued listing, the Panel has imposed a one-year discretionary monitor ending October 2, 2027. The company must also provide monthly reports detailing its shares outstanding, insider holdings, and public float through October 5, 2027. Furthermore, each investor in the September 2026 private placement has agreed to waive their right to terminate their purchase agreement based on the September 17 delisting decision. The company noted that if all investors were to exercise their termination rights, the company would be required to return an aggregate of $938,000 and cancel the shares issued in the placement.
