Hippo receives NYSE non-compliance notice for low share price; plans reverse stock split

Hippo Holdings Inc.

Received NYSE notice on July 19, 2022 for average closing price below $1.00 over 30 trading days.
Has six-month cure period; can regain compliance if closing price ≥ $1.00 on last trading day of any calendar month.
Board to propose reverse stock split at ratio 1-for-20 to 1-for-30 at special meeting on August 31, 2022.
Notice has no immediate effect on listing; company to respond within 10 business days.
Failure to cure could result in delisting from NYSE.

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