ADV · Nasdaq
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.
Advantage Solutions Inc. (the “ Company ”) has determined that it is unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2021 (the “ Q1 2021 Form 10-Q ”) by the prescribed due date for the reasons described below. On April 12, 2021, the U.S. Securities and Exchange Commission issued a statement relating to the accounting treatment of warrants issued by special purpose acquisition companies (the “ SEC Statement ”). As a result of the SEC Statement, the Company reevaluated the accounting treatment for certain of its warrants issued in a private placement (the “ private placement warrants ”) and concluded that rather than being accounted for as an equity instrument under a fixed accounting model, such private placement warrants should be accounted for as a liability instrument, with subsequent changes in their estimated fair value recorded as non-cash income or expense in the applicable reporting period. While the impact is not expected to be material to the Company’s previously filed consolidated financial statements, the Company is in the process of revising its previously filed consolidated financial statements as of and for the year ended December 31, 2020. The Company is evaluating the impact of this revision on our internal control over financial reporting related to accounting for the private placement warrants. 2 The Company is working diligently to complete the Q1 2021 Form 10-Q as soon as possible; however, given the scope of the process for determining the appropriate treatment of the private placement warrants in accordance with the SEC Statement, the Company is unable to complete and file the Q1 2021 Form 10-Q by the required due date of May 10, 2021 without unreasonable effort and expense. The Company does, however, expect to file the Q1 2021 Form 10-Q within five calendar days thereof
NT 10-Q, filed 2021-05-11 · material weakness
Advantage Solutions Inc. (the “ Company ”) has determined that it is unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2021 (the “ Q1 2021 Form 10-Q ”) by the prescribed due date for the reasons described below. On April 12, 2021, the U.S. Securities and Exchange Commission issued a statement relating to the accounting treatment of warrants issued by special purpose acquisition companies (the “ SEC Statement ”). As a result of the SEC Statement, the Company reevaluated the accounting treatment for certain of its warrants issued in a private placement (the “ private placement warrants ”) and concluded that rather than being accounted for as an equity instrument under a fixed accounting model, such private placement warrants should be accounted for as a liability instrument, with subsequent changes in their estimated fair value recorded as non-cash income or expense in the applicable reporting period. While the impact is not expected to be material to the Company’s previously filed consolidated financial statements, the Company is in the process of revising its previously filed consolidated financial statements as of and for the year ended December 31, 2020. The Company is evaluating the impact of this revision on our internal control over financial reporting related to accounting for the private placement warrants. 2 The Company is working diligently to complete the Q1 2021 Form 10-Q as soon as possible; however, given the scope of the process for determining the appropriate treatment of the private placement warrants in accordance with the SEC Statement, the Company is unable to complete and file the Q1 2021 Form 10-Q by the required due date of May 10, 2021 without unreasonable effort and expense. The Company does, however, expect to file the Q1 2021 Form 10-Q within five calendar days thereof
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