Atlantic American Faces June 16 Compliance Deadline After Late Filings
Atlantic American received a Nasdaq notice May 21 for non-compliance with Rule 5250(c)(1) after failing to file its Q1 Form 10-Q and 2025 Form 10-K. The company must submit a compliance plan by June 16, 2026 or risk delisting.
1. Nasdaq Notice for Delinquent Filings
On May 21, Atlantic American received a notice from Nasdaq under Listing Rule 5250(c)(1) for its failure to file the Form 10-Q for the quarter ended March 31, 2026 and its delinquent Form 10-K for the year ended December 31, 2025. The notice does not affect the listing or trading of the company’s common stock.
2. Compliance Deadline and Extension Options
The company must submit a plan to regain compliance by June 16, 2026. If accepted, Nasdaq may grant up to 180 additional days from the original Form 10-K due date, extending the compliance deadline to October 12, 2026.
3. Company Operations
Atlantic American is an insurance holding company with subsidiaries in life, health and property and casualty markets, including American Southern Insurance Company and Bankers Fidelity Life Insurance Company. It continues working to complete its financial reports as promptly as practicable.
4. Forward-Looking Statements and Risks
Forward-looking statements highlight the company's expectations on filing timelines and plan submission, but actual results may differ due to financial reporting procedures and other risks. The company assumes no obligation to update these forward-looking statements beyond legal requirements.