NYSE to Commence Delisting Proceedings with Respect to the Warrants of Hippo Holdings Inc. (HIPO.WS)
September 09 2024 - 4:15PM
Business Wire
The New York Stock Exchange (“NYSE”, the “Exchange”) announced
today that the staff of NYSE Regulation has determined to commence
proceedings to delist the warrants (the “Warrants”) — ticker symbol
HIPO.WS — to purchase common stock of Hippo Holdings Inc. (the
“Company”) from the NYSE. Trading in the Company’s Warrants will be
suspended immediately. Trading in the Company’s common stock —
ticker symbol HIPO — will not be affected and will continue on the
NYSE.
NYSE Regulation has determined that the Company’s Warrants are
no longer suitable for listing based on “abnormally low selling
price” levels, pursuant to Section 802.01D of the NYSE Listed
Company Manual.
The Company has a right to a review of this determination by a
Committee of the Board of Directors of the Exchange. The NYSE will
apply to the Securities and Exchange Commission to delist the
Company’s Warrants upon completion of all applicable procedures,
including any appeal by the Company of the NYSE Regulation staff’s
decision.
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Company Contact: Investors:
Sammy Ng Investors@hippo.com
NYSE Contact: NYSE
Communications PublicRelations-NYSE@ice.com