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SCWorx Announces Compliance with Nasdaq's Periodic Reporting Listing Standard
SCWorx SCWorx (US:WORX) GlobeNewswire News Room·2024-11-20 22:05

Core Viewpoint - SCWorx Corp. has regained compliance with Nasdaq's continued listing requirements after addressing previous deficiencies in its periodic reporting [1][2][3] Group 1: Compliance and Reporting - Nasdaq notified SCWorx on multiple occasions in 2024 that it was not in compliance with the periodic filing requirement under Listing Rule 5250(c)(1) [1] - Following the submission of the Company's Form 10-K and Forms 10-Q, Nasdaq confirmed that SCWorx is now compliant with the reporting requirements, and the matter is considered closed [2] - All previously notified deficiencies have been rectified, allowing SCWorx's common stock to continue trading on Nasdaq under the symbol "WORX" [3] Group 2: Company Overview - SCWorx provides data management services to healthcare providers, utilizing machine learning and artificial intelligence to create a virtualized item data warehouse [4] - The company offers a suite of software-as-a-service solutions aimed at improving cost savings, operational efficiency, and accurate benchmarking for healthcare providers [4] - Key solution modules include Virtual Item Master, data cleansing, contract management, automated rebate management, and data analytics, which collectively support healthcare providers' data governance and analytics needs [4]