Modivcare receives Nasdaq delisting notice following Chapter 11 filing

Modivcare Inc. announced it will be delisted from Nasdaq after voluntarily filing for Chapter 11 bankruptcy on August 20, 2025.

The company has been deemed noncompliant with Nasdaq listing rules due to its failure to submit timely quarterly reports, specifically the Form 10-Q for the fiscal quarter ending June 30, 2025.

Following these announcements, Modivcare's stock price dropped significantly by 12.79% in after-hours trading, reaching $0.9331 per share.

Recommendation Rating: Urgent Attention Required

Modivcare Inc. (NASDAQ: MODV) announced on Friday that it has been informed by Nasdaq about the initiation of proceedings to delist its common stock. This action comes in light of the company's decision to voluntarily file for Chapter 11 under the United States Bankruptcy Code, an event that took place on August 20, 2025.

Additionally, on the same day, Modivcare received notice from Nasdaq regarding its noncompliance with listing rules. This noncompliance stems from the company's failure to timely file its quarterly report on Form 10-Q for the fiscal quarter that ended on June 30, 2025. According to Nasdaq regulations, companies listed must submit all required periodic reports to the Securities and Exchange Commission (SEC) punctually.

As a result of these developments, Modivcare's stock experienced a significant decline of 12.79% in after-hours trading, bringing its price down to $0.9331.

Source: Press Release