secwatch.observer — SEC 8-K summary
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Issuer:     Hippo Holdings Inc. (HIPO)
CIK:        0001828105
Form:       8-K
Filed at:   2022-07-20T23:59:59+00:00
Accession:  0001193125-22-197180
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828105/000119312522197180/0001193125-22-197180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828105/000119312522197180/d383116d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-197180

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