Atlantic American Corporation (Nasdaq: AAME) announced on October 22, 2026, that it has received a Staff Delisting Determination from the listing qualifications staff of The Nasdaq Stock Market LLC. The determination notifies the company that Nasdaq has initiated the process to delist its common stock because it failed to maintain compliance with Nasdaq Listing Rule 5250(c)(1).
The rule requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (SEC). The company failed to meet this obligation by the extended deadline of October 12, 2026. Specifically, Atlantic American did not file its Annual Report on Form 10-K for the year ended December 31, 2025, nor its Quarterly Reports on Form 10-Q for the periods ended March 31, 2026, and June 30, 2026.
Despite the delisting notification, the company filed the 2025 Form 10-K with the SEC on October 16, 2026. Atlantic American stated it is working diligently to file the remaining delinquent reports and regain compliance as promptly as practicable.
The company intends to appeal the Staff Determination by requesting a hearing before the Nasdaq Hearings Panel. The request must be made by October 23, 2026. Under Nasdaq rules, this hearing request will automatically stay the suspension of trading for 15 calendar days. The company also plans to request an extended stay pending the hearing process, which typically occurs 30 to 45 days after the request.
Atlantic American Corporation is an insurance holding company with principal insurance subsidiaries including American Southern Insurance Company, American Safety Insurance Company, Bankers Fidelity Life Insurance Company, Bankers Fidelity Assurance Company, and Atlantic Capital Life Assurance Company.
