The Nasdaq Stock Market's listing qualification department has notified Positive Physicians Holdings Inc. that it was not compliance with the exchange's listing requirements after failing to timely file its Form 10-Q for the quarter ended March 31.

Positive Physicians Holdings previously said it will delay its Form 10-Q filing because it needed additional time after completing its IPO March 27. The company said it is working diligently to complete its Form 10-Q.