Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
NT 10-Q
Rhea-AI Filing Summary
Veradigm Inc. filed a Form 12b-25 stating it cannot file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 within the prescribed time without unreasonable effort and expense. The delay stems from extensive prior restatements and ongoing remediation of internal control failures that previously led the board to conclude that financial statements for 2020–2022 and multiple interim periods should no longer be relied upon.
The company filed a combined 2023 and 2024 Form 10-K on May 26, 2026, but still has not filed its 2025 Form 10-K and the 2025 and Q1 2026 Form 10-Qs, which it refers to collectively as Historical Late Filings. Veradigm also discloses that its common stock has been delisted from Nasdaq following noncompliance with listing rules and that it faces putative securities and derivative actions and commercial litigation related to its financial reporting and internal control issues. Management states it is working diligently to complete the delayed filings and the Q2 2026 Form 10-Q but gives no assurance on timing or future relisting.
Positive
- None.
Negative
- Multiple periods of financials deemed unreliable as the board determined 2020–2022 annual and several interim financial statements should no longer be relied upon due to misstatements and internal control failures.
- Extended filing delinquency with the 2025 Form 10-K and all 2025 and Q1–Q2 2026 Form 10-Qs still outstanding, creating prolonged financial reporting uncertainty.
- Nasdaq delisting after noncompliance with Nasdaq Listing Rules 5250(c)(1) and 5620(a), resulting in the company’s common stock no longer trading on a national securities exchange.
- Ongoing litigation and control risks including putative securities class and derivative actions and the possibility of additional material weaknesses being identified during continued remediation and the 2025 audit.
