[8-K] ModivCare Inc. Reports Material Event
ModivCare Inc. disclosed it commenced voluntary Chapter 11 bankruptcy proceedings on August 20, 2025 and received Nasdaq notices that it is no longer suitable for listing and is delinquent in regulatory filings. Nasdaq determined to commence delisting proceedings and informed the company the common stock would be suspended at the opening of business on August 28, 2025. The company does not intend to appeal and expects Nasdaq to file to remove the listing, after which the stock may quote on the OTC Pink market, though that is not assured.
ModivCare Inc. ha comunicato di aver avviato volontariamente il procedimento di fallimento ai sensi del Capitolo 11 il 20 agosto 2025 e di aver ricevuto avvisi dalla Nasdaq che non 猫 pi霉 idonea alla quotazione e che 猫 in ritardo nelle comunicazioni regolamentari. Nasdaq ha deciso di avviare la procedura di esclusione dalla quotazione e ha informato la societ脿 che le azioni ordinarie saranno sospese all'apertura delle contrattazioni il 28 agosto 2025. La societ脿 non intende presentare ricorso e prevede che Nasdaq chieder脿 la rimozione dalla quotazione; successivamente le azioni potrebbero essere negoziate sul mercato OTC Pink, sebbene ci貌 non sia garantito.
ModivCare Inc. inform贸 que inici贸 voluntariamente procedimientos de bancarrota bajo el Cap铆tulo 11 el 20 de agosto de 2025 y recibi贸 avisos de Nasdaq de que ya no es apta para cotizar y que tiene retrasos en las presentaciones regulatorias. Nasdaq decidi贸 iniciar el proceso de exclusi贸n y notific贸 a la compa帽铆a que las acciones ordinarias se suspender谩n a la apertura del mercado el 28 de agosto de 2025. La compa帽铆a no piensa apelar y espera que Nasdaq solicite la remoci贸n de la cotizaci贸n; tras ello las acciones podr铆an cotizar en el mercado OTC Pink, aunque no es seguro.
ModivCare Inc.電� 2025雲� 8鞗� 20鞚� 鞛愲皽鞝侅溂搿� 毂曧劙 11 韺岇偘 鞝堨皑毳� 臧滌嫓頄堨溂氅�, 雮橃姢雼レ溂搿滊秬韯� 雿� 鞚挫儊 靸侅灔 鞝侁博靹膘澊 鞐嗞碃 攴滌牅 靹滊 鞝滌稖鞚� 鞐办泊霅橃棃雼る姅 韱奠毳� 氚涭晿雼り碃 瓿店皽頄堨姷雼堧嫟. 雮橃姢雼レ潃 靸侅灔韽愳 鞝堨皑毳� 臧滌嫓頃橁赴搿� 瓴办爼頃橁碃 2025雲� 8鞗� 28鞚� 臧滌灔 鞁� 氤错喌欤缄皜 瓯半灅鞝曥霅� 瓴冹澊霛缄碃 須岇偓鞐� 韱惦炒頄堨姷雼堧嫟. 須岇偓電� 頃唽頃� 鞚橃偓臧� 鞐嗢溂氅� 雮橃姢雼レ澊 靸侅灔 韽愳毳� 鞁犾箔頃� 瓴冹溂搿� 鞓堨儊頃橁碃 鞛堨溂氅�, 攴� 鞚错泟 欤检嫕鞚� OTC 頃戫伂 鞁滌灔鞐愳劀 順戈皜霅� 靾� 鞛堨溂雮� 頇曥嫟頃橃 鞎婌姷雼堧嫟.
ModivCare Inc. a d茅clar茅 avoir engag茅 volontairement une proc茅dure de faillite au titre du chapitre 11 le 20 ao没t 2025 et avoir re莽u des avis de Nasdaq indiquant qu'elle n'est plus apte 脿 锚tre cot茅e et qu'elle est en retard dans ses d茅p么ts r茅glementaires. Nasdaq a d茅cid茅 d'engager une proc茅dure de radiation et a inform茅 la soci茅t茅 que les actions ordinaires seraient suspendues 脿 l'ouverture des transactions le 28 ao没t 2025. La soci茅t茅 n'a pas l'intention de faire appel et s'attend 脿 ce que Nasdaq demande la suppression de la cotation; ensuite les actions pourraient 锚tre cot茅es sur le march茅 OTC Pink, bien que cela ne soit pas assur茅.
ModivCare Inc. gab bekannt, dass es am 20. August 2025 freiwillig ein Chapter鈥�11鈥慖nsolvenzverfahren eingeleitet hat und Benachrichtigungen von der Nasdaq erhalten hat, wonach es nicht mehr b枚rsenf盲hig sei und mit regulatorischen Einreichungen im R眉ckstand liege. Die Nasdaq hat beschlossen, ein Delisting鈥慥erfahren einzuleiten, und teilte dem Unternehmen mit, dass die Stammaktien bei Handelsbeginn am 28. August 2025 ausgesetzt werden. Das Unternehmen beabsichtigt nicht, Berufung einzulegen, und erwartet, dass die Nasdaq die Streichung von der Liste beantragen wird; anschlie脽end k枚nnten die Aktien im OTC鈥慞ink鈥慚arkt gehandelt werden, was jedoch nicht sicher ist.
- None.
- Voluntary Chapter 11 bankruptcy filing on August 20, 2025 triggering material restructuring
- Nasdaq determined to commence delisting proceedings due to suitability concerns following the Chapter 11 filing
- Company is delinquent in filing the Quarterly Report for period ended June 30, 2025, violating Nasdaq Listing Rule 5250(c)(1)
- Nasdaq scheduled suspension of trading at the opening of business on August 28, 2025
- Company does not intend to appeal the delisting decision, increasing likelihood of removal from Nasdaq and move to OTC Pink, which is uncertain
Insights
TL;DR: Chapter 11 filing plus Nasdaq delisting and suspension signal severe equity dilution and trading liquidity loss for shareholders.
The Chapter 11 filing on August 20, 2025 triggered Nasdaq delisting proceedings under listing rules related to suitability and led to a delinquency notice for missing a quarterly filing for period ended June 30, 2025. Nasdaq scheduled suspension at market open August 28, 2025 and the company does not intend to appeal, increasing the likelihood of removal from Nasdaq and quotation on OTC Pink. For investors this implies materially reduced liquidity, elevated trading volatility, and high uncertainty about recovery value for equity holders pending the restructuring outcome.
TL;DR: Management disclosed material corporate events transparently but the decision not to appeal delisting removes a regulatory safeguard for shareholders.
The company provided required disclosures and a cautionary note about speculative trading, and directed stakeholders to a court-administered information site. However, electing not to appeal Nasdaq's delisting decision eliminates a potential procedural recourse and signals management acceptance of significant corporate restructuring. This reduces oversight associated with exchange listing standards and shifts stakeholder communications largely to bankruptcy court processes.
ModivCare Inc. ha comunicato di aver avviato volontariamente il procedimento di fallimento ai sensi del Capitolo 11 il 20 agosto 2025 e di aver ricevuto avvisi dalla Nasdaq che non 猫 pi霉 idonea alla quotazione e che 猫 in ritardo nelle comunicazioni regolamentari. Nasdaq ha deciso di avviare la procedura di esclusione dalla quotazione e ha informato la societ脿 che le azioni ordinarie saranno sospese all'apertura delle contrattazioni il 28 agosto 2025. La societ脿 non intende presentare ricorso e prevede che Nasdaq chieder脿 la rimozione dalla quotazione; successivamente le azioni potrebbero essere negoziate sul mercato OTC Pink, sebbene ci貌 non sia garantito.
ModivCare Inc. inform贸 que inici贸 voluntariamente procedimientos de bancarrota bajo el Cap铆tulo 11 el 20 de agosto de 2025 y recibi贸 avisos de Nasdaq de que ya no es apta para cotizar y que tiene retrasos en las presentaciones regulatorias. Nasdaq decidi贸 iniciar el proceso de exclusi贸n y notific贸 a la compa帽铆a que las acciones ordinarias se suspender谩n a la apertura del mercado el 28 de agosto de 2025. La compa帽铆a no piensa apelar y espera que Nasdaq solicite la remoci贸n de la cotizaci贸n; tras ello las acciones podr铆an cotizar en el mercado OTC Pink, aunque no es seguro.
ModivCare Inc.電� 2025雲� 8鞗� 20鞚� 鞛愲皽鞝侅溂搿� 毂曧劙 11 韺岇偘 鞝堨皑毳� 臧滌嫓頄堨溂氅�, 雮橃姢雼レ溂搿滊秬韯� 雿� 鞚挫儊 靸侅灔 鞝侁博靹膘澊 鞐嗞碃 攴滌牅 靹滊 鞝滌稖鞚� 鞐办泊霅橃棃雼る姅 韱奠毳� 氚涭晿雼り碃 瓿店皽頄堨姷雼堧嫟. 雮橃姢雼レ潃 靸侅灔韽愳 鞝堨皑毳� 臧滌嫓頃橁赴搿� 瓴办爼頃橁碃 2025雲� 8鞗� 28鞚� 臧滌灔 鞁� 氤错喌欤缄皜 瓯半灅鞝曥霅� 瓴冹澊霛缄碃 須岇偓鞐� 韱惦炒頄堨姷雼堧嫟. 須岇偓電� 頃唽頃� 鞚橃偓臧� 鞐嗢溂氅� 雮橃姢雼レ澊 靸侅灔 韽愳毳� 鞁犾箔頃� 瓴冹溂搿� 鞓堨儊頃橁碃 鞛堨溂氅�, 攴� 鞚错泟 欤检嫕鞚� OTC 頃戫伂 鞁滌灔鞐愳劀 順戈皜霅� 靾� 鞛堨溂雮� 頇曥嫟頃橃 鞎婌姷雼堧嫟.
ModivCare Inc. a d茅clar茅 avoir engag茅 volontairement une proc茅dure de faillite au titre du chapitre 11 le 20 ao没t 2025 et avoir re莽u des avis de Nasdaq indiquant qu'elle n'est plus apte 脿 锚tre cot茅e et qu'elle est en retard dans ses d茅p么ts r茅glementaires. Nasdaq a d茅cid茅 d'engager une proc茅dure de radiation et a inform茅 la soci茅t茅 que les actions ordinaires seraient suspendues 脿 l'ouverture des transactions le 28 ao没t 2025. La soci茅t茅 n'a pas l'intention de faire appel et s'attend 脿 ce que Nasdaq demande la suppression de la cotation; ensuite les actions pourraient 锚tre cot茅es sur le march茅 OTC Pink, bien que cela ne soit pas assur茅.
ModivCare Inc. gab bekannt, dass es am 20. August 2025 freiwillig ein Chapter鈥�11鈥慖nsolvenzverfahren eingeleitet hat und Benachrichtigungen von der Nasdaq erhalten hat, wonach es nicht mehr b枚rsenf盲hig sei und mit regulatorischen Einreichungen im R眉ckstand liege. Die Nasdaq hat beschlossen, ein Delisting鈥慥erfahren einzuleiten, und teilte dem Unternehmen mit, dass die Stammaktien bei Handelsbeginn am 28. August 2025 ausgesetzt werden. Das Unternehmen beabsichtigt nicht, Berufung einzulegen, und erwartet, dass die Nasdaq die Streichung von der Liste beantragen wird; anschlie脽end k枚nnten die Aktien im OTC鈥慞ink鈥慚arkt gehandelt werden, was jedoch nicht sicher ist.
FAQ
Why did ModivCare (MODV) receive a Nasdaq delisting notice?
Will ModivCare's (MODV) shares be suspended and when?
Is ModivCare delinquent on SEC filings?
Will ModivCare (MODV) remain listed on Nasdaq?
Where might ModivCare's shares trade after Nasdaq delisting?
Where can stakeholders find more information about ModivCare's Chapter 11 cases?
