Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
(d) On
The Company has been advised by Nasdaq that, due to concerns regarding the
Company's noncompliance with Nasdaq's continued listing requirements, trading in
the Company's common stock will not continue beyond the date of filing the Form
25. Therefore, trading in the Company's common stock will be suspended prior to
market open on
The Company may discuss with market makers for its common stock the possibility of having its common stock quoted on the over-the-counter market, but no arrangements have yet been made in that regard. There can be no assurances that any brokers will continue to make a market in the Company's common stock or that trading of the common stock will continue on the over-the-counter market or otherwise.
As previously reported, the Company has been out of compliance with certain of
the Nasdaq listing rules, including Nasdaq Listing Rule 5450(a)(1), which
requires listed securities to maintain a minimum bid price of
Because of uncertainties surrounding the Company's ability to regain compliance with the foregoing Nasdaq listing rules, the Company's Board of Directors has determined that the voluntary delisting of the Company's common stock will be in the best interests of the Company and its shareholders. The Board's decision was based on careful review of several factors, including the likely inability of the Company to regain compliance with the foregoing Nasdaq listing rules and the significant costs associated therewith (including costs associated with requesting a hearing to obtain an extension of time for compliance), the benefits to the Company of eliminating the expense of the Nasdaq listing fees, and eliminating the demands on management's time of complying with the Nasdaq listing standards.
Item 7.01. Regulation FD Disclosure
The Company has issued an updated press release on
Item 9.01. Financial Statements and Exhibits. Exhibits. The following exhibit index lists the exhibits that are either filed or (d) furnished with this Current Report on Form 8-K. 99.1 FedNat Holding Company Press Release datedOctober 26, 2022 (updated) Cover Page Interactive File (the cover page tags are embedded within the Inline 104 XBRL document).
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