Modivcare plunges as Nasdaq to delist stock amid bankruptcy filing
ReutersAug 25, 2025 11:48 AM
** Shares of healthcare service provider Modivcare MODV.O fall 48% to 55 cents premarket
** MODV late on Friday received notice from Nasdaq that it will be delisted due to filing for Chapter 11 bankruptcy
** Co filed for bankruptcy protection last week to restructure its finances
** MODV also failed to file its quarterly report for quarter ended June 30, violating Nasdaq listing rules
** Nasdaq will suspend trading of MODV's shares on August 28; co will not appeal the delisting
** As of last close, stock down ~91% YTD
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