American Independence Corp. Receives NASDAQ Letter
April 15 2016 - 5:52PM
American Independence Corp. (NASDAQ:AMIC) today announced that it
has received a letter from the Listing Qualifications Department of
The NASDAQ Stock Market (“Nasdaq”) notifying the Company
of its noncompliance with Nasdaq Listing Rule 5250(c)(1)
because the Company has not yet filed its Form 10-K for
the period ended December 31, 2015 (the “Form 10-K”).
Nasdaq indicated that the Company has 60 days to submit a
plan to regain compliance. If Nasdaq accepts the
Company’s plan, it may grant an exception of up to 180 calendar
days from the Form 10-K’s due date, or October 11, 2016, to regain
compliance.
The Company intends to regain compliance with
the NASDAQ’s filing requirements, and will file its Annual Report
on Form 10-K for the year ended December 31, 2015 as soon
as practicable.
The Notice does not result in the immediate
delisting of the Company’s common stock and the stock will continue
to trade uninterrupted under its current trading symbol.
About American Independence
Corp.
American Independence Corp. is a holding company
principally engaged in health insurance and reinsurance. It
provides specialized health coverage and related services to
commercial customers and individuals. Through Independence
American Insurance Company and its other subsidiaries, it offers
non-subscriber occupational accident, pet insurance, short-term
medical, vision, dental and various supplemental products.
Through its subsidiaries IHC Specialty Benefits, Inc. (including
through www.healthedeals.com and www.aspiraAmas.com), IPA Direct,
LLC and IPA Family, LLC, AMIC markets products underwritten by its
affiliates companies and various products (including ACA plans and
medical stop-loss) on behalf of unaffiliated carriers.
Forward-Looking Statements
Certain statements and information contained in
this release may be considered “forward-looking statements,” such
as statements relating to management's views with respect to future
events and financial performance. Such forward-looking
statements are subject to risks, uncertainties and other factors
that could cause actual results to differ materially from
historical experience or from future results expressed or implied
by such forward-looking statements. Potential risks and
uncertainties include, but are not limited to, economic conditions
in the markets in which AMIC operates, new federal or state
governmental regulation, AMIC’s ability to effectively operate,
integrate and leverage any past or future strategic acquisition,
and other factors which can be found in AMIC’s other news releases
and filings with the Securities and Exchange Commission. AMIC
expressly disclaims any duty to update its forward-looking
statements unless required by applicable law.
CONTACT: LOAN NISSER
(646) 509-2107
www.americanindependencecorp.com
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