SCWorx Corp. Receives Nasdaq Delisting Notice; Announces Reverse Stock Split

Key Points:

• Nasdaq Delisting Notice: SCWorx Corp. has received a formal notification from Nasdaq indicating its securities will be delisted due to failure to meet the minimum bid price requirement of \$1 per share under Nasdaq Rule 5550(a)(2).
• Trading Suspension: Trading of SCWorx Corp.’s common stock is scheduled to be suspended at the opening of business on April 14, 2026.
• Reverse Stock Split: The company has effected a 1-for-15 reverse stock split to attempt to regain compliance with Nasdaq’s minimum bid price requirement. The split became effective at the opening of trading on April 10, 2026.
• Appeal Filed: SCWorx has appealed the Nasdaq Staff’s delisting determination to a hearings panel, following procedures set forth in the Nasdaq Listing Rules.
• No Assurance of Compliance: While the company expects the reverse split may help regain compliance, there is no guarantee the appeal will be successful or that the stock price will meet Nasdaq’s requirements.
• Potential Impact: If the appeal fails, the company’s shares will not resume trading on Nasdaq, which could materially and adversely affect the company and its shareholders.

Detailed Article

SCWorx Corp. (formerly Alliance MMA, Inc.) has received a formal notification from Nasdaq stating that the company’s securities are slated for delisting from the Nasdaq Capital Market. This action follows the company’s failure to maintain a minimum bid price of \$1 per share for 30 consecutive business days, as required by Nasdaq Rule 5550(a)(2). The 30-day non-compliance period was noted between February 26, 2025 and April 9, 2025. Despite previous efforts, SCWorx did not regain compliance, prompting Nasdaq’s decision.

Trading Suspension and SEC Filing: As a result of the delisting determination, Nasdaq will suspend trading of SCWorx’s common stock at the opening of business on April 14, 2026. Furthermore, a Form 25-NSE will be filed with the Securities and Exchange Commission, officially removing SCWorx’s securities from listing and registration on the Nasdaq Stock Market.

Reverse Stock Split: In an attempt to address the compliance issue, SCWorx amended its certificate of incorporation to implement a 1-for-15 reverse stock split. This corporate action consolidated every 15 shares of outstanding common stock into one share, effectively increasing the per-share price. The reverse split took effect at the start of trading on April 10, 2026. For the company to regain compliance, its stock must now trade at or above \$1.00 per share for at least ten consecutive trading days.

Appeal Process: The company has appealed Nasdaq’s delisting determination to a hearings panel, following the procedures described in the Nasdaq Listing Rules. However, there is no assurance that the company will regain compliance or that its appeal will be successful. Should the appeal fail, SCWorx’s stock will not resume trading on Nasdaq, with potential negative consequences for shareholder value.

Price Sensitivity and Investor Considerations: The delisting, trading suspension, and reverse stock split are significant corporate actions that could materially impact SCWorx’s share price and investor confidence. Delisting from Nasdaq may reduce liquidity, limit access to capital, and diminish visibility among institutional investors. The reverse stock split, while intended to bolster the share price, does not guarantee compliance or prevent further downward pressure if the fundamental issues persist. Investors should closely monitor the outcome of the Nasdaq appeal and subsequent trading activity.

No Securities Registered on Nasdaq: As of the filing, SCWorx Corp. has no securities registered pursuant to Section 12(b) of the Act, which further underscores the severity of the delisting action.

Conclusion

SCWorx Corp.’s delisting notice and reverse stock split represent critical developments for shareholders. The outcome of the Nasdaq appeal and the company’s ability to maintain a compliant share price will determine the future trading status and market value of SCWorx’s stock. Investors should exercise caution, as these events are highly price sensitive and may materially impact the company’s valuation and liquidity.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with professional advisors before making any investment decisions regarding SCWorx Corp. The author does not take responsibility for any actions taken based on the information provided herein.

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