SCWorx Corp (NASDAQ:WORX) is trading higher in the pre-market session after the news on Wednesday. The stock went up 6% on Tuesday as well.
SCWorx Announces Compliance with Nasdaq Listing Standards and Appointment of Tim Hannibal as CEO
- announced today that it has regained compliance with The Nasdaq Stock Market’s (“Nasdaq”) continued listing requirements regarding annual stockholder meetings and periodic reporting.
- In a letter dated May 25, 2021, Nasdaq indicated that SCWorx has regained compliance with its continued listing requirements for periodic reporting as a result of the filing of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
- In addition, the Company received a letter from Nasdaq on May 27, 2021 indicating that it has regained compliance with the annual meeting requirement as a result of having completed its Special Meeting in lieu of the Annual Meeting of Stockholders on May 24, 2021.
- At this time, all deficiencies of which the Company has been notified have been rectified, and Nasdaq considers these matters closed. As such, SCWorx’s common stock continues to be listed and trading on Nasdaq under the symbol “WORX”.
“We are pleased to have regained compliance with the Nasdaq’s listing requirements,” said Tim Hannibal, President and CEO of SCWorx. “With this behind us, we can focus on executing our 2021 growth strategy.”
Market Action
As of 7:15, WORX stock moved up $0.17 or 10.83% to $1.74. So far the stock has traded 12K shares traded hands. The stock has been underperforming the broader market over the past year with a fall of 35%.
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