Presurance Holdings, Inc. (PRHI): Nasdaq/NYSE listing notice — Conifer Holdings receives Nasdaq delisting notice for failure to meet MVPHS Rule

Presurance Holdings, Inc.

Received Nasdaq notice on Oct 23, 2023: market value of publicly held shares below $5M for 30 consecutive days.
Has 180-day grace period until April 22, 2024 to regain compliance.
To regain compliance, must have MVPHS >= $5M for 10 consecutive business days.
No immediate impact on listing; stock continues trading on Nasdaq Global Market under symbol CNFR.
Evaluating options including transfer to Nasdaq Capital Market.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Presurance Holdings, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(1)(C), 5810(c)(3)(D)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(1)(C), 5810(c)(3)(D)

Exact text from the filing

October 23, 2023, Conifer Holdings Inc. (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that for the past 30 consecutive business days prior to the date of the letter, the market value of “publicly held” shares of the Company was less than $5.0 million, which does not meet the requirement for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(1)(C) (the “MVPHS Rule”). In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company has been provided a period of 180 calendar days, or until April 22, 2024, to r

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Presurance Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-055846

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