Inspired Entertainment, a major provider of gaming content and technology, has received approval for its compliance plan from the Nasdaq Stock Market. The company is required to file a Form 10-Q for the quarter ended on September 30, 2023 by February 28, 2024, at the latest.

The company is also working diligently to complete the 10-K/A for the year ended December 31, 2022, with restated financial statements. Additionally, Inspired is striving to submit forms 10-Q/A for the quarters that ended on March 31, 2023, and June 30, 2023.

Having missed the deadline to file its Q3 2023 report on time, Inspired Entertainment was contacted by Nasdaq in November. While the company expressed the need for additional time to complete certain statements, Nasdaq cautioned that delayed filings are a violation of its regulations. Despite missing the initial deadline, Inspired submitted its compliance plan on January 23, and Nasdaq has now officially accepted it.

The company attributed its late filings to accounting errors that still need to be corrected. Inspired noted that errors were identified in multiple quarterly reports since January 1, 2021, necessitating the restatement of these results.

In other developments, Inspired Entertainment recently announced its plans to showcase a range of new products at ICE London, a trade show scheduled to take place from February 6 to 8. Among these new offerings is NBA-themed virtual sports, developed through a partnership with the NBA. The products will incorporate official NBA imagery, including team logos and archived footage.

Additionally, Inspired will unveil Hybrid Dealer, a new product category that integrates physical and digital elements to engage fans. The company will also introduce the innovative Vantage Cat C cabinet. Furthermore, Inspired will feature a mix of iGaming content and mechanics, offering a glimpse into its upcoming projects.

By admin