SCWorx granted 180-day extension to meet Nasdaq minimum bid price requirement

SCWorx Corp received written notification from the Listing Qualification Department of The Nasdaq Stock Market LLC granting the company’s request for a 180-day extension to regain compliance with Nasdaq’s minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company now has until June 5, 2023 to meet the requirement. Nasdaq’s extension notice has no immediate effect on the continued listing status of the company’s common stock on The Nasdaq Capital Market LLC under the symbol "WORX". If at any time during the additional 180-day extension, the bid price of the company’s common stock closes at, or above, $1.00 per share for a minimum of ten consecutive business days, the Nasdaq staff will provide the company with a written confirmation of compliance and the matter will be closed.