Veradigm provides update on financial restatement process

Veradigm announced that the company does not expect to have filed its Annual Report on Form 10-K for the year ended December 31, 2022, or its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023, June 30, 2023 and September 30, 2023, by February 27, the deadline that Nasdaq has given the company to regain compliance with Nasdaq Listing Rule 5250(c)(1). The company anticipates it will receive a delisting notice from Nasdaq on February 28 and that its common stock will be suspended from trading on Nasdaq while Nasdaq proceeds with delisting. The company plans to provide additional information regarding the anticipated delisting after it receives the expected notice from Nasdaq. The company is working diligently to file its required financial statements, and ultimately to regain compliance with all of the Nasdaq Listing Rules and restore its listing as soon as practicable.