Inspired’s Compliance Plan Approved by Nasdaq

Inspired Entertainment, a leading B2B provider of gaming content, technology, hardware, and services, has received approval for its compliance plan from the Nasdaq Stock Market. The company aims to file a Form 10-Q for the quarter ended September 30, 2023, by February 28, 2024, at the latest. Additionally, Inspired is working on completing the 10-K/A for the year ended December 31, 2022, with restated financial statements and submitting forms 10-Q/A for the quarters ended March 31, 2023, and June 30, 2023, within the same timeframe.

Inspired had initially failed to publish its reports on time and was contacted by Nasdaq in November because of its late submission of the Q3 2023 report. Despite the company’s explanation that it needed more time to complete certain statements due to accounting errors, Nasdaq reminded Inspired that late filings are against its rules. After missing the deadline to submit a plan to regain compliance, Inspired submitted its plan on January 23, which Nasdaq officially accepted.

The company justified its late filings with accounting errors dating back to January 1, 2021, and stated that it needs to restate the results. Despite this setback, Inspired recently announced that it will showcase a range of new products at ICE London, a tradeshow taking place from February 6 to 8. These new offerings include NBA-themed virtual sports developed through a partnership with the NBA, featuring official NBA imagery and archived footage. Inspired will also introduce the Hybrid Dealer, a product that combines physical and digital elements, and the Vantage Cat C cabinet. Additionally, the company will present a mix of iGaming content and mechanics at the event, offering a glimpse into its upcoming projects.