SCWorx gets Nasdaq panel partial compliance letter on $1 minimum bid rule
WORX•Ongoing listing requirement
The ongoing requirement is a closing bid price of at least $1 for 20 consecutive trading days under Nasdaq Listing Rule 5815(c)(4).
Nasdaq must be notified immediately of material changes or events that could affect compliance.
Panel may revisit the exception
The panel can revisit the exception if developments make continued listing inadvisable.
Nasdaq panel grants partial compliance letter
SCWorx received a Nasdaq Hearings Panel partial compliance letter tied to its plan to regain continued listing on the Nasdaq Capital Market.
The panel confirmed completion of the first benchmark under the exception previously granted.
