GlobeNewsWire
23 Jun 2026, 19:41 UTC · 2h ago
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The Nasdaq Hearings Panel has granted SCWorx a request to continue its listing, provided the company meets specific compliance conditions. — Prevents immediate delisting and allows a pathway for the stock to return to a major exchange from the OTC markets.
+0.60The company must maintain a closing bid price of $1.00 or higher for 20 consecutive trading days by August 28, 2026, to reinstate trading. — This is a strict performance hurdle that represents a significant execution risk for the company's return to the Nasdaq.
+0.30SCWorx must obtain shareholder approval and execute a reverse stock split by August 3, 2026, to meet minimum bid price requirements. — Reverse splits are common mechanisms to regain compliance but are often viewed neutrally or slightly negatively by retail investors.
+0.20Which stocks this story touches
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The company received a decision allowing it to maintain its Nasdaq listing, provided it meets specific compliance conditions.
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