Inspired notifies Nasdaq on plan to address compliance issues

Nasdaq recently sent the company a notice regarding documents not submitted on time.

Inspired Entertainment recently notified the Nasdaq Stock Market and said the company expects to file several documents. This is part of a company plan to address compliance issues with Nasdaq due to not filing paperwork on time.

The company said it will file “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.

Inspired went on to note that it intends to file these forms by “no later than February 28, 2024.”

In addition to the other forms, Inspired plans to file its Form 10-K for the year ended December 31, 2023 in time for the March 2024 due date.

The company’s action results from receiving a standard notification letter from Nasdaq’s Listing Qualifications Department. The letter stated that Inspired “was not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Form 10-Q for the quarter ended September 30, 2023 with the Securities and Exchange Commission.”

However, the company Nasdaq securities have not been immediately affected by this incident.

Inspired provides systems and solutions, as well as gaming content to the industry and offers its clients hardware, technology and services. The group works across both mobile and land-based channels and operates in 35 countries around the world.

Inspired supplies content to nearly 50,000 gaming machines in various betting shops, pubs, gaming halls and other route operations.

Amanda Foster

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