R1 RCM Receives Notice Of Filing Delinquency from Nasdaq
Portfolio Pulse from Benzinga Newsdesk
R1 RCM Inc. (NASDAQ:RCM) received a notice from Nasdaq due to the delay in filing its Q3 report, resulting from the need to restate certain financial statements. The company has 60 days to submit a compliance plan to Nasdaq to maintain its listing, with a possible extension of up to 180 days. R1 RCM intends to file the overdue report as soon as practicable.
November 17, 2023 | 9:01 pm
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R1 RCM Inc. received a Nasdaq notice for delayed Q3 filing and must submit a compliance plan within 60 days. The company is working to file the required report promptly.
The notice of filing delinquency from Nasdaq is a negative event that indicates potential issues with R1 RCM's financial reporting. This could lead to investor concern and a decrease in stock price in the short term. The company's intention to file the report as soon as practicable may mitigate some concerns, but the uncertainty remains until the actual filing and acceptance of the compliance plan.
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