Patriot National Receives Continued Listing Standard Notice from the NYSE
September 29 2017 - 7:51AM
Patriot National, Inc. (NYSE:PN) (the “Company”) announced today
that on September 25, 2017 it received a notification (the
“Notice”) from the New York Stock Exchange (the “NYSE”) that it was
not in compliance with the NYSE’s continued listing standards set
forth under Rule 802.01B of the NYSE Listed Company Manual because
the average global market capitalization of the Company’s common
stock was less than $50 million over a consecutive 30 trading-day
period while its last reported stockholders’ equity was less than
$50 million. As a result of the Notice, the Company became subject
to the suspension and delisting procedures set forth in Sections
801 and 802 of the NYSE Listed Company Manual.
About Patriot NationalPatriot National, Inc. is
a national provider of comprehensive technology and outsourcing
solutions that help insurance companies and employers mitigate
risk, comply with complex regulations and save time and money.
Patriot National provides general agency services, technology
outsourcing, software solutions, specialty underwriting and
policyholder services, claims administration services, and
self-funded health plans to its insurance carrier clients,
employers and other clients. Patriot National is headquartered in
Fort Lauderdale, Florida. For more information about Patriot
National, please visit www.patnat.com.
Media and Investor Contact:Cindy
CampbellDirector of Investor RelationsPatriot National, Inc.(954)
670-2907CCampbell@patnat.com