WORX · SCWorx Corp.

This delisting notice represents a material event for investors due to its direct impact on liquidity, market visibility, and regulatory status. The root cause is sustained non-compliance with Nasdaq’s minimum bid price requirement of $1.00 per share — the Company’s closing bid price fell below that threshold for 30 consecutive business days ending April 9, 2025, prompting initial notification. Although Nasdaq granted a 180-day extension until April 6, 2026, the Company failed to meet the requirement within that window. In response, it executed a 1-for-15 reverse stock split effective April 10, 2026 — a structural measure intended solely to elevate the nominal share price, not to improve underlying financial performance. However, the filing explicitly states there is 'no assurance' the Company will regain compliance or succeed on appeal. Delisting triggers mandatory removal from Nasdaq registration, likely resulting in quotation only on the OTC Markets, which typically entails reduced analyst coverage, lower institutional participation, increased volatility, and heightened difficulty raising capital. The absence of any disclosed financial remediation plan, operational turnaround milestones, or updated guidance further underscores the severity and uncertainty of the situation for shareholders.