trending Market Intelligence /marketintelligence/en/news-insights/trending/cc_kCdR9HCvwB-7SzTff6w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Nasdaq panel grants transfer of Atlas Financial's stock

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

Nasdaq panel grants transfer of Atlas Financial's stock

The Nasdaq Hearings Panel granted Atlas Financial Holdings Inc.'s appeal in connection with the previously disclosed delisting notification following the company's Sept. 19 hearing.

The panel allowed the company's request to transfer the listing of its common stock to the Nasdaq Capital Market from the Nasdaq Global Market. The transfer will happen upon the open of business Oct. 17.

Atlas Financial's continued listing on the Nasdaq Capital Market is subject to its timely compliance with certain conditions, which include the filing of its form 10-K for the fiscal year ended Dec. 31, 2018, by Jan. 31, 2020, and the filing of the forms 10-Q for the quarterly periods ended March 31, June 30 and Sept. 30 by Feb. 28, 2020.

The company anticipates that its 6.625% senior unsecured notes due 2022, which are listed on the Nasdaq Global Market at present, will be qualified to trade on the OTC Markets system, effective with the open of the markets Oct. 17.

In late July, Nasdaq notified Atlas Financial of its failure to comply with the exchange's listing requirements. Prior to that, in April, Atlas Financial received a delinquency notice from Nasdaq for failing to timely file its Form 10-K for 2018. Nasdaq then informed the company that it has until Dec. 10 to regain compliance with the listing rules.

On Sept. 11, the insurer again received a deficiency notification letter from Nasdaq, stating that the company was not in compliance with listing requirements because its market value of publicly held shares for the last 30 consecutive business days was below the minimum requirement of $5 million.

Atlas Financial noted that it is taking "definitive" steps to ensure timely compliance with the terms of the panel's decision, but it cannot guarantee that it will be able to do so.