Recent Updates — DCGO
DocGo Inc. announced second-quarter 2026 financial results and entered into a definitive agreement to acquire virtual care provider Hicuity Health for approximately $52 million in assumed indebtedness plus equity consideration. DocGo reported Q2 revenue of $73.4 million, a decline from $80.4 million in the prior year period due to the wind-down of migrant-related programs; excluding those programs, revenue grew 19% year-over-year. The company posted a net loss of $18.0 million and adjusted EBITDA of negative $6.3 million for the quarter. Perceptive Advisors committed up to $50 million in new senior secured term loans to support the transaction. DocGo narrowed its full-year 2026 revenue guidance to $305-$310 million and adjusted EBITDA guidance to a loss of $17-$22 million. The company operates in the healthcare services industry, providing technology-enabled mobile health, medical transportation, and virtual care solutions.
DocGo Inc. received a letter from Nasdaq granting an additional 180 calendar days until January 25, 2027, to regain compliance with the minimum bid price requirement under Listing Rule 5550(a)(2). The company must achieve a closing bid price of at least $1.00 per share for 10 consecutive business days by that date. DocGo intends to monitor its stock price and evaluate options to regain compliance, including initiating a reverse stock split. Stockholders previously approved an amendment allowing the Board to effect a reverse split at a ratio between 1-for-5 and 1-for-10 at its sole discretion. This filing does not announce a specific effective date or final ratio for any split. DocGo Inc. operates in the healthcare logistics industry, providing patient transportation services.
At its 2026 Annual Meeting of Stockholders on June 16, 2026, DocGo Inc. stockholders approved a reverse stock split at a ratio to be determined by the Board of Directors between 1-for-5 and 1-for-10. Stockholders elected Vina Leite and James M. Travers as Class II directors, approved executive compensation on an advisory basis, and ratified Urish Popeck & Co., LLC as the independent auditor. Proposals to amend the Charter regarding the waiver of corporate opportunities and the limitation of officer liability were not approved. DocGo Inc. provides healthcare services and logistics.