Driven Brands Hit With Nasdaq Warning as Filings Slip to June 15 After Accounting Errors

Overview

• Driven Brands, which disclosed Tuesday it received a Nasdaq deficiency notice for late 2025 10-K and Q1 2026 10-Q, now targets filing by or before June 15 to avoid delisting risk.
• Preliminary unaudited results cut prior guidance, signaling ongoing fallout from the accounting review.
• Securities class actions, including Clark v. Driven Brands in the Southern District of New York, allege lease accounting mistakes, unreconciled cash, misclassified expenses, and improperly recognized revenue.
• Law firms are recruiting investors to seek lead-plaintiff status by May 8 for shares bought between May 3, 2023 and February 24, 2026.
• Shares fell roughly 30% to 40% after the February 25–26 disclosures, wiping out about $900 million in value and leaving investors waiting for restated numbers.