secwatch.observer — SEC 8-K summary
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Issuer:     Veradigm Inc. (—)
CIK:        0001124804
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001193125-24-049131
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veradigm receives Nasdaq delisting notice; trading suspended Feb. 29, 2024
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- Noncompliant with Nasdaq Rules 5250(c)(1) and 5620(a) due to unfiled 10-K for 2022 and Q1-Q3 2023 10-Qs.
- Trading suspended effective Feb. 29, 2024; Company will not appeal the Panel's decision.
- Shares expected to be quoted on OTC market under ticker MDRX while working to regain compliance and relist.
- Delisting triggers a 'make-whole fundamental change' under the indenture for Veradigm's outstanding convertible notes.
- Company cites ongoing Audit Committee investigation and leadership changes as contributing factors to filing delays.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124804/000119312524049131/0001193125-24-049131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124804/000119312524049131/d773269d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-049131

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