Inspired Entertainment Announces Nasdaq Acceptance Of Plan Of Compliance To File A Form 10-Q For The Quarter Ended September 30, 2023 By No Later Than February 28, 2024
Portfolio Pulse from Benzinga Newsdesk
Inspired Entertainment, Inc. (INSE) has received approval from Nasdaq for its compliance plan to file the overdue Form 10-Q for Q3 2023 by February 28, 2024. The company is also working on filing restated financial statements for 2022 and the first two quarters of 2023 by the same deadline.

February 05, 2024 | 1:01 pm
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Inspired Entertainment, Inc. has been granted an extension by Nasdaq to file its overdue Form 10-Q for Q3 2023 and restated financials for 2022 and H1 2023 by February 28, 2024.
The acceptance of the compliance plan by Nasdaq is a positive development for INSE, indicating regulatory leniency and giving the company time to address its reporting issues. However, the need to restate financial statements and the delay in filing could raise concerns among investors about the reliability of past financial reports and the company's internal controls. This mixed impact suggests a neutral short-term price direction, as the market may weigh the positive aspect of regulatory compliance against the potential negative implications of the financial restatements.
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