FedNat Receives Nasdaq Notification of Non-Compliance With Listing Rule 5250(c)(1)
April 01 2022 - 6:00PM
FedNat Holding Company (Nasdaq: FNHC), a regional insurance holding
company, today announced that on April 1, 2022, it received a
letter (the Letter) from the Listing Qualifications Department of
the Nasdaq Stock Market (Nasdaq) notifying the Company that it was
not in compliance with requirements of Nasdaq Listing Rule
5250(c)(1) as a result of not having timely filed its Annual Report
on Form 10-K for the year ended December 31, 2021.
The Letter has no immediate effect on the listing or trading of
FedNat’s common stock on the Nasdaq Capital Market. The Letter
states that the Company is required to submit a plan to regain
compliance by May 31, 2022. The Company has advised Nasdaq that it
expects to comply with this requirement by filing its 2021 Form
10-K well in advance of the May 31, 2022 deadline.
About the Company
FedNat Holding Company is an insurance holding company that
controls substantially all aspects of the insurance underwriting,
distribution and claims processes through our subsidiaries and
contractual relationships with independent agents and general
agents. The Company, through its wholly owned subsidiaries FedNat
Insurance Company and Monarch National Insurance Company, is
focused on providing homeowners insurance in Florida. More
information is available at
https://www.fednat.com/investor-relations/.
Contacts
Michael H. Braun, CEO (954) 308-1322
Ronald Jordan, CFO (954) 308-1363
Bernard Kilkelly, Investor Relations (954) 308-1409,
or investorrelations@fednat.com
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