ModivCare Issued Notice of Delisting from Nasdaq
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2025
0mins
Company Announcement: Modivcare has been notified by Nasdaq about the commencement of delisting proceedings for its common stock due to voluntary Chapter 11 bankruptcy filings on August 20.
Bankruptcy Proceedings: The company initiated these proceedings as part of a strategy to undergo expedited bankruptcy aimed at comprehensive restructuring.
Restructuring Goals: The restructuring plan is designed to strengthen the company's future, reduce debt, and inject capital into the business.
Stakeholder Support: The restructuring transaction has garnered support from a supermajority of Modivcare's key stakeholders.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
