regulatory
confidence high
sentiment negative
materiality 0.30
NYSE delists Hippo warrants due to abnormally low price; common stock unaffected
Hippo Holdings Inc.
- On Sept 9, 2024, NYSE notified Hippo that its warrants (HIPO.WS) are being delisted immediately due to 'abnormally low selling price' per Section 802.01D.
- Every 25 warrants are exercisable for one share of common at $287.50 per share; the warrants have been delisted effective immediately.
- Hippo will not appeal the NYSE delisting determination.
- Trading in Hippo common stock (HIPO) on NYSE continues and is unaffected by this action.