Inspired Entertainment has released an update regarding its compliance with the Nasdaq stock market, submitting a plan of action to address the issue.
The gaming content provider has stated that several financial forms will be filed with the Security and Exchange Commission by no later than February 28, 2024, resolving its failure to publish last year’s third quarter results on time.
These include “a Form 10-K/A for the year ended December 31, 2022, with restated financial statements, as well as Forms 10-Q/A for the quarters ended March 31, 2023 and June 30, 2023 and a Form 10-Q for the quarter ended September 30, 2023”.
In addition, Inspired confirmed that it will also file its Form 10-K for the year ended December 31, 2023, by the March 2024 due date.
Inspired faces the risk of being removed from the Nasdaq exchange if it continues to not comply with regulations.
Back in November upon the announcement by Inspired of its failure to file the correct financial forms on time, the provider stated that its financial results for the end of 2022 and its 2021 financial statement can no longer be considered accurate.
Since then, Stewart Baker has resigned as Chief Financial Officer, with Marilyn Jentzen taking on the CFO role on an interim basis.
