Update on SCWorx Trading Halt
May 6, 2020
NEW YORK, NY, May 6, 2020 -- SCWorx Corp. (Nasdaq: WORX) announced today that on May 5, 2020, The Nasdaq Stock Market requested certain additional information and documents from the Company. In connection with this information request, the Nasdaq Stock Market informed the Company that it has initiated a “T12 trading halt,” which means the halt will remain in place until the Company has fully satisfied Nasdaq's request for additional information. The Company intends to respond to Nasdaq’s May 5 request as soon as possible, but not later than May 13, 2020.
As previously reported, on April 22, 2020, the Securities and Exchange Commission ordered that trading in the securities of the Company be suspended because of “questions and concerns regarding the adequacy and accuracy of publicly available information in the marketplace” (the “SEC Trading Halt”). The SEC Trading Halt expired yesterday, May 5, 2020, at 11:59 PM EDT, and has not been reinstated as of this date.
May 13, 2020
UPDATE: On May 13, 2020 SCWorx Corp. submitted the information requested by Nasdaq stock market by its letter dated May 5, 2020.
May 22, 2020
June 3, 2020
UPDATE: On May 21, 2020 SCWorx Corp. received a letter from Nasdaq stock market for additional information. The Company completed the requested response on June 3, 2020.
June 30, 2020
UPDATE: On June 30, 2020 SCWorx Corp. received a letter from Nasdaq stock market for additional information. Nasdaq has requested that a response be submitted on July 9, 2020.
July 9, 2020
UPDATE: On July 9, 2020 SCWorx Corp. provided a response to Nasdaq for the questions submitted to the Company on June 30, 2020.
August 9, 2020
Update: SCWorx, Corp., (Nasdaq: WORX) today announced that Nasdaq has notified it that trading in its common stock will resume on The Nasdaq Stock Market, this coming Monday, August 10, 2020.