SCWorx announces shareholder approval of reverse stock split

SCWorx Corp. announced the conclusion of its 2023 Annual Meeting of Stockholders Shareholders embraced the reverse stock split and showing overwhelming support for the company, the company said in a statement. Following the Meeting, the company’s Board of Directors approved a final ratio of 15-for-1 for the reverse stock split , which was within the parameters approved by the shareholders. The Split is expected to become effective at market open on October 11, 2023, pending confirmation by the Depository Trust Company and the Nasdaq. The company’s common stock will continue to trade on the Nasdaq Capital Market under the company’s existing trading symbol, “WORX.” The split reduces the number of shares of the company’s outstanding common stock from approximately 17.9 million shares to approximately 1.2 million shares, subject to adjustment due to fractional shares.