Veradigm Inc. Announces Receipt Of Nasdaq Stay Extension; Pending A Hearing Before The Nasdaq Hearings Panel On November 16, 2023, And The Issuance Of A Final Panel Decision
Portfolio Pulse from Benzinga Newsdesk
Veradigm Inc. (NASDAQ:MDRX) has received an extension on the temporary stay of delisting of its common stock from Nasdaq, pending a hearing on November 16, 2023. The company had previously received a delisting notice due to noncompliance with Nasdaq Listing Rule 5250(c)(1) for not filing its Annual Report and Quarterly Reports on time. The delay in filing is due to internal control failures primarily from accounting processes and a software tool implemented to comply with FASB's rule ASC 606.
October 09, 2023 | 8:05 pm
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Veradigm Inc.'s stock listing is at risk due to noncompliance with Nasdaq rules. The company's failure to file its annual and quarterly reports on time has led to a temporary stay of delisting, extended until a hearing in November 2023.
The news directly impacts Veradigm Inc. as it pertains to the company's compliance with Nasdaq listing rules. The failure to file necessary reports could lead to the delisting of the company's stock, which would negatively impact its stock price in the short term.
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