Inspired Submits Plan Regarding Nasdaq Compliance
Portfolio Pulse from Benzinga Newsdesk
Inspired Entertainment, Inc. has submitted a plan to regain compliance with Nasdaq's listing requirements. The company intends to file restated financial statements for the year ended December 31, 2022, and amended quarterly reports for the first two quarters of 2023, along with the Q3 report by February 28, 2024. Additionally, Inspired aims to file its annual report for 2023 by the March 2024 deadline.

January 23, 2024 | 1:33 pm
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NEUTRAL IMPACT
Inspired Entertainment, Inc. is working to submit restated financials and amended reports to meet Nasdaq listing requirements, with a deadline set for February 28, 2024.
The submission of a compliance plan and the commitment to file restated financial statements may reassure investors about Inspired's commitment to transparency and regulatory compliance. However, the impact on the stock price is uncertain until the actual filings are made and investors can assess the restated results. The importance is high due to the potential implications for continued listing on Nasdaq, but the confidence in the score is not absolute due to the lack of information on the content of the restatements.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100