Modivcare Inc. announced on July 10, 2025, that it has regained compliance with Rule 5450(b)(3)(C) of the Nasdaq Stock Market LLC. This rule pertains to the company’s market value of publicly held shares (MVPHS).
The company received confirmation from Nasdaq on July 7, 2025, that its MVPHS had been above $15 million for at least 20 consecutive business days. This means Modivcare now satisfies all Nasdaq listing standards required for continued listing on The Nasdaq Global Select Market.
CEO L. Heath Sampson stated that the company is pleased to regain full compliance through stock performance and appreciation. This achievement removes a significant regulatory overhang and indicates a stabilization in the company's market valuation.
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