Verra Mobility Corp.

VRRM

On February 28, 2022, Verra Mobility Corp., a smart mobility technology company, announced it is unable to file form 10K as planned due to its recent discovery that revenues from the Company’s recently acquired Australian subsidiary, Redflex Holdings Limited, may not have been recorded in accordance with generally accepted accounting principles. The Company’s audit committee is conducting an investigation to determine whether any adjustment is necessary for previously issued financial statements for the second and third quarters of 2021.

On this news, shares of Verra Mobility Corp. fell as much as 8% in intraday trading on February 28, 2022.

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