ModivCare Inc.

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Investigation Details

On September 12, 2024, ModivCare filed a press release on a Form 8-K. Therein, the Company announced that it would seek additional capital, including the subsequent filing of a shelf registration for $200M mixed offering of common stock, preferred stock debt, and warrants, due to constrained cashflow.

Following this news, the Company’s stock price fell over 59% on heavy trading volume.