It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.
Hover or tap a dot to see the filings behind that score.
On February 2, 2024, Cincinnati Bell Inc., an Ohio corporation (the “ Company ”), CBTS Borrower, LLC, a Delaware limited liability company (“ Purchaser ”), and CBTS LLC, a Delaware limited liability company, (solely for certain purposes set forth in the Purchase Agreement as defined below), entered into an Equity Purchase Agreement (the “ Purchase Agreement ”). Pursuant to the terms and subject to the conditions set forth in the Purchase Agreement, Purchaser has agreed to acquire from the Company all of the issued and outstanding equity interests of CBTS LLC and CBTS Extended Territories LLC (the “ Transaction ”), which directly or indirectly hold all of the issued and outstanding equity interests in the subsidiaries of the Company that operate the Company’s IT services business and operations supporting enterprise business customers with technology solutions and services including application modernization, cybersecurity, IT consulting, cloud, unified communications, and infrastructure solutions (the “ Business ”). For 2023, the Business represented approximately 40% of the Company’ consolidated revenues and the majority of the IT Services and Hardware reportable segment’s revenues. The Company is unable to file its Quarterly Report on Form 10-Q (the “Form 10-Q”) for the quarterly period ended March 31, 2024 by the prescribed due date without undue hardship or expense. The Company requires additional time to prepare its financial statements to be filed as a part of the Form 10-Q due to the accounting for the Business disclosed above which will be presented as held for sale and discontinued operations as of and for the period ended March 31, 2024
NT 10-Q, filed 2024-05-15 · systems or records
On February 2, 2024, Cincinnati Bell Inc., an Ohio corporation (the “ Company ”), CBTS Borrower, LLC, a Delaware limited liability company (“ Purchaser ”), and CBTS LLC, a Delaware limited liability company, (solely for certain purposes set forth in the Purchase Agreement as defined below), entered into an Equity Purchase Agreement (the “ Purchase Agreement ”). Pursuant to the terms and subject to the conditions set forth in the Purchase Agreement, Purchaser has agreed to acquire from the Company all of the issued and outstanding equity interests of CBTS LLC and CBTS Extended Territories LLC (the “ Transaction ”), which directly or indirectly hold all of the issued and outstanding equity interests in the subsidiaries of the Company that operate the Company’s IT services business and operations supporting enterprise business customers with technology solutions and services including application modernization, cybersecurity, IT consulting, cloud, unified communications, and infrastructure solutions (the “ Business ”). For 2023, the Business represented approximately 40% of the Company’ consolidated revenues and the majority of the IT Services and Hardware reportable segment’s revenues. The Company is unable to file its Quarterly Report on Form 10-Q (the “Form 10-Q”) for the quarterly period ended March 31, 2024 by the prescribed due date without undue hardship or expense. The Company requires additional time to prepare its financial statements to be filed as a part of the Form 10-Q due to the accounting for the Business disclosed above which will be presented as held for sale and discontinued operations as of and for the period ended March 31, 2024
On September 7, 2021, Cincinnati Bell Inc. (the “Company”), completed a going-private merger transaction with Red Fiber Parent LLC, a Delaware limited liability company (“Parent”), and RF Merger Sub Inc., an Ohio corporation and directly wholly owned subsidiary of Parent (“Merger Sub”), pursuant to which Merger Sub merged with, and into, the Company, with the Company as (i) the surviving entity and (ii) a direct, wholly-owned subsidiary of Parent. The Company is unable to file its Quarterly Report on Form 10-Q (the “Form 10-Q”) for the quarterly period ended March 31, 2022 by the prescribed due date without undue hardship or expense. The Company requires additional time to prepare its financial statements to be filed as a part of the Form 10-Q due to its continuing efforts to complete its interim condensed consolidated financial statements for the period ended September 30, 2021 and its annual audited consolidated financial statements for the year ended December 31, 2021
On September 7, 2021, Cincinnati Bell Inc. (the “Company”), completed a going-private merger transaction with Red Fiber Parent LLC, a Delaware limited liability company (“Parent”), and RF Merger Sub Inc., an Ohio corporation and directly wholly-owned subsidiary of Parent (“Merger Sub”), pursuant to which Merger Sub merged with, and into, the Company, with the Company as (i) the surviving entity and (ii) a direct, wholly-owned subsidiary of Parent. As a result of the merger, the Company’s auditors for fiscal years ended December 31, 2020, 2019 and 2018, respectively, were no longer considered to be independent in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission. In considering the appointment of new auditors, the Company identified firms it believed were qualified to serve as auditors for a company with the size and complexity of Cincinnati Bell Inc. In each case the Company identified issues that might impact the independence of the qualified firm. The Audit Committee considered these issues carefully in choosing new auditors. On January 14, 2022, the Audit Committee approved, effective immediately, the engagement of PricewaterhouseCoopers LLP (“PwC”) as the Company’s independent registered public accounting firm as of and for the year ended December 31, 2021. The Company is unable to file its annual report for the year ended December 31, 2021 on Form 10-K by the prescribed due date without undue hardship or expense due to the timing of the Company’s engagement of new independent registered public accounting firm and the complexity of the evaluation, accounting, and financial statement presentation and disclosure as a result of the merger
2022-01-24auditor changed or resigned SEC →
On September 7, 2021, Cincinnati Bell Inc. (the “Company”), completed a going-private merger transaction with Red Fiber Parent LLC, a Delaware limited liability company (“Parent”), and RF Merger Sub Inc., an Ohio corporation and directly wholly owned subsidiary of Parent (“Merger Sub”), pursuant to which Merger Sub merged with, and into, the Company, with the Company as (i) the surviving person and (ii) a direct, wholly-owned subsidiary of Parent. As a result of the merger, the Company’s auditors for fiscal years ended December 31, 2020, 2019 and 2018, respectively, were no longer considered to be independent for purposes of any reports filed with the Commission and the Company and its Audit Committee are in the process of replacing the existing auditors with another accounting firm meeting the Commission’s auditor independence requirements. The Company has determined that it is unable to file its quarterly report for the period ended September 30, 2021 on Form 10-Q by the prescribed due date because the Company and its Audit Committee will need additional time to designate the new independent auditors and allow the new independent auditors to conduct its review procedures in connection with the financial statements to be included in the Form 10-Q for the quarterly period ended September 30, 2021
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice