Nasdaq issues SCWorx Notice of Deficiency Due to Company's 2020 Form 10K not yet being Filed
NEW YORK, NY, April 23, 2021 (GLOBE NEWSWIRE) -- SCWorx Corp. (Nasdaq: WORX) announced today that on April 19, 2021 and April 21, 2021, the Nasdaq Stock Market notified the Company that it was not in compliance with the Nasdaq’s rules for continued listing because the Company has not yet filed its 10-K for the fiscal year ended December 31, 2020 (“2020 10-K”), as required by Nasdaq Rule 5250(c)(1) (the April 21 notification superseded the April 19 notification). The initial Nasdaq notification gave the Company 60 days to submit a compliance plan. As a result of the Company’s stated objective of filing its 2020 10-K by around May 17, 2021, the most recent Nasdaq notice requires the Company to submit its plan to regain compliance, no later than May 19, 2021.
The Company intends to file its 2020 10-K during the week of May 17, 2021. If the 2020 10-K is not filed prior to May 19, 2021, then the Company will submit its compliance plan to Nasdaq by such date.
About SCWorx Corp.
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