BUZZ-Modivcare plunges as Nasdaq to delist stock amid bankruptcy filing

Reuters
2025.08.25 11:48
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Shares of healthcare service provider Modivcarefall 48% to 55 cents premarketMODV late on Friday received notice from Nasdaq that it will be delisted due to filing for Chapter 11 bankruptcyCo filed for bankruptcy protection last week to restructure its financesMODV also failed to file its quarterly report for quarter ended June 30, violating Nasdaq listing rulesNasdaq will suspend trading of MODV’s shares on August 28; co will not appeal the delistingAs of last close, stock down ~91% YTD

Shares of healthcare service provider Modivcare (MODV.O) fall 48% to 55 cents premarket

MODV late on Friday received notice from Nasdaq that it will be delisted due to filing for Chapter 11 bankruptcy

Co filed for bankruptcy protection last week to restructure its finances

MODV also failed to file its quarterly report for quarter ended June 30, violating Nasdaq listing rules

Nasdaq will suspend trading of MODV’s shares on August 28; co will not appeal the delisting

As of last close, stock down ~91% YTD

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