GoHealth Files for Voluntary Chapter 11 Bankruptcy, Expects NASDAQ Delisting
GOCO is trading near its 52-week low of $0.6 (12% above the low).
Summary
GoHealth has filed for voluntary Chapter 11 bankruptcy in Delaware, with a restructuring plan supported by 100% of lenders and over 60% of Class A holders. This plan will transition ownership to lenders and reinstate preferred equity. This follows a series of severe financial issues, including a Nasdaq delisting notice in March 2026, massive net losses, and a catastrophic 94.6% year-over-year revenue decline reported in Q1 2026. The bankruptcy filing is expected to result in the delisting of the company's Class A common stock from NASDAQ, effectively wiping out existing common equity holders. GoHealth expects to emerge from restructuring before the 2026 Annual Enrollment Period.
At the time of this announcement, GOCO was trading at $0.67 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $19.7M. The 52-week trading range was $0.60 to $7.12. This news item was assessed with negative market sentiment and an importance score of 10 out of 10. Source: Reuters.