Atlantic American Corporation Receives Expected Nasdaq Staff Delisting Determination Related to Delayed Filing of Periodic Reports
Key Highlights
- ➤Nasdaq initiated delisting process after Atlantic American missed three periodic-report deadlines
- ➤Atlantic American filed its overdue 2025 Form 10-K on October 16, 2026
- ➤Two overdue 10-Q reports for March and June 2026 remain unfiled
- ➤Atlantic American must request a Nasdaq hearing by October 23, 2026
- ➤Hearing request automatically stays delisting action for 15 calendar days
Expert Statements
Hilton H. Howell, Jr., Chairman, President & CEO of Atlantic American Corporation
“The Company continues to work diligently, and is making progress, toward filing the remaining Delinquent Reports and regaining compliance with the Rule as promptly as practicable.”
Hilton H. Howell, Jr., Chairman, President & CEO of Atlantic American Corporation
“The Company intends to appeal the Staff Determination by timely requesting a hearing before the Nasdaq Hearings Panel.”
Hilton H. Howell, Jr., Chairman, President & CEO of Atlantic American Corporation
“The Company intends to present to the Nasdaq Hearings Panel a detailed plan to regain compliance with the Rule.”
Hilton H. Howell, Jr., Chairman, President & CEO of Atlantic American Corporation
“The Company expects its common stock to continue trading on The Nasdaq Global Market during the hearing process, but there can be no assurance that the Nasdaq Hearings Panel will grant such request.”
ATLANTA, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Atlantic American Corporation (Nasdaq: AAME) today announced that on October 16, 2026, the Company received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), which notified the Company that it has initiated a process to delist the Company’s common stock. The Staff Determination was issued because the Company had not filed its Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”) and its Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2026 and June 30, 2026 (collectively, the “Delinquent Reports”) by the previously extended deadline of October 12, 2026, and therefore was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”). The Rule requires companies listed on Nasdaq to timely file all required periodic reports with the Securities and Exchange Commission (“SEC”).
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