Hippo Holdings Inc.
09/10/2024 | Press release | Distributed by Public on 09/10/2024 14:38
Failure to Satisfy Listing Rule Form 8 K
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On September 9, 2024, Hippo Holdings Inc. (the "Company") received notice (the "Notice") from the New York Stock Exchange (the "NYSE") that the Company's warrants (the "Warrants") are no longer suitable for listing based on "abnormally low selling price" levels, pursuant to Section 802.01D of the NYSE Listed Company Manual, and that the NYSE Regulation has determined to delist the Warrants. Every 25 Warrants are presently exercisable for one share of the Company's common stock at an exercise price per share of $287.50, ticker symbol "HIPO.WS."
The NYSE has indicated that the Warrants have been delisted immediately. The Company does not intend to appeal the NYSE determination.
Trading in the Company's common stock, ticker symbol "HIPO," will continue on the NYSE and is unaffected by this action.