The outcome hinges on the Panel's response to the reconsideration request and whether the company can maintain a $1.00+ bid price for 10 consecutive days by October 5, 2026. Monitor for any Panel decision or further extension of the investor termination deadline (currently October 15, 2026). If the reconsideration is denied or the bid price rule is not met, delisting is highly probable.
Price Chart
Executive Summary
SCWorx received a Nasdaq Hearings Panel decision to delist its common stock on September 17, 2026, due to falling below the 500,000 publicly held shares requirement after a reverse stock split. The company completed a private placement on September 16, 2026, issuing 449,860 shares to cure the deficiency, and has submitted a formal request for reconsideration based on a mistake of material fact. The stock continues to trade on the OTCQB Venture Market, and the company faces an October 5, 2026 deadline to also satisfy the $1.00 bid price rule for 10 consecutive trading days.
Key Facts
- Nasdaq Hearings Panel issued a delisting decision on September 17, 2026, due to failure to comply with the Publicly Held Shares Rule (minimum 500,000 publicly held shares) after a 1-for-12 reverse stock split on August 3, 2026.
- Company completed a private placement on September 16, 2026, issuing 350,000 shares of common stock and warrants to purchase 350,000 shares, plus 50,000 shares from warrant exercises and 49,860 shares to the placement agent, totaling 449,860 shares issued.
- Company believes it now has more than 500,000 publicly held shares and has cured the Publicly Held Shares deficiency.
- Company submitted a formal Request for Reconsideration to the Panel on September 18, 2026, arguing the delisting decision was based on a mistake of material fact (the Panel was unaware of the completed private placement).
- To regain full compliance, the company must also evidence a closing bid price of at least $1.00 per share for 10 consecutive trading days on or before October 5, 2026.
- If all private placement purchasers exercise their termination rights, the company would be required to return $938,000 in cash, and the 350,000 shares and warrants would be cancelled.
- Common stock continues to be quoted on the OTCQB Venture Market under symbol WORX.
Financial Impact
Potential cash outflow of $938,000 if private placement investors exercise termination rights; delisting would severely reduce liquidity and institutional ownership.
Risk Factors
- Panel may deny the reconsideration request, leading to Nasdaq delisting.
- Company may fail to maintain a closing bid price of at least $1.00 for 10 consecutive trading days by October 5, 2026.
- Private placement investors may exercise their termination rights, requiring a $938,000 cash return and cancellation of shares, which would undo the publicly held shares cure.
- Continued OTCQB quotation provides significantly less liquidity and institutional access than Nasdaq listing.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-102644 |
| Document: 0001213900-26-102644-index-headers.html | 0001213900-26-102644 |
| Document: 0001213900-26-102644-index.html | 0001213900-26-102644 |
| Document: 0001213900-26-102644.txt | 0001213900-26-102644 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | EFFECT | $2.29 | awaiting T+1 | — | $2.05 (+10.48%) |
Oct 23, 2026 3d ago | S-3/A | $2.19 $2.05 | ▲ +6.39% | ▲ +7.10% | $2.05 (+6.39%) |
Oct 16, 2026 10d ago | S-3 | $1.38 $2.68 | ▼ −94.20% | ▼ −93.78% | $2.05 (−48.55%) |
Oct 5, 2026 21d ago | 8-K | $5.52 $7.25 | ▲ +31.34% | ▲ +30.79% | $2.05 (−62.86%) |
Oct 5, 2026 21d ago | Press Release | $4.00 | awaiting T+1 | — | $2.05 (−48.75%) |
Sep 23, 2026 4w ago | SC 13G | $1.06 $1.06 | · 0.00% | ▼ −0.54% | $2.05 (+93.40%) |
Sep 23, 2026 4w ago | 8-K | $1.06 $1.06 | · 0.00% | ▲ +0.54% | $2.05 (−93.40%) |
Sep 22, 2026 4w ago | 8-K | $2.55 | awaiting T+1 | — | $2.05 (+19.61%) |
Sep 4, 2026 7w ago | 8-K | $1.06 $1.06 | · 0.00% | ▼ −0.46% | $2.05 (−93.40%) |
Aug 6, 2026 11w ago | Press Release | $4.55 $5.50 | ▲ +20.88% | ▲ +20.27% | $2.05 (−54.95%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers