Atlantic American Corporation Receives Expected Nasdaq Staff Delisting Determination Related to Delayed Filing of Periodic Reports
The annual report has been filed, but two quarterly reports remain outstanding and a further delisting stay is not assured.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Atlantic American (AAME) received a Nasdaq staff determination on October 16, 2026, initiating a process to delist its common stock.
The company missed the extended October 12 deadline for its 2025 annual report and quarterly reports for March 31 and June 30, 2026, leaving it noncompliant with Nasdaq’s periodic-report filing rule. It filed the annual report on October 16; the quarterly reports remain outstanding.
The company intends to request a hearing by October 23, 2026, seek a further stay and present a compliance plan. A hearing request automatically stays delisting for 15 calendar days from the request date. Atlantic American expects trading to continue on the Nasdaq Global Market during the hearing process, but the panel’s grant of the requested stay is not assured.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Minor point2025 annual report filed October 16, 2026, completing one of the overdue filings.
- Minor point. Forward-looking: it has not happened yet and may not happen.Planned hearing request would automatically stay delisting for 15 calendar days from the request date.
Negative
- Major pointNasdaq staff initiated delisting after the company missed its extended October 12, 2026 filing deadline.
- Minor pointMarch 31 and June 30, 2026 quarterly reports remain outstanding, leaving filing-rule compliance unresolved.
- Minor point. Forward-looking: it has not happened yet and may not happen.October 23, 2026 hearing-request deadline applies to the intended appeal; a further stay is not assured.
Key Figures
- Extended filing deadline
- October 12, 2026
- Deadline missed for the delinquent periodic reports
- 2025 Form 10-K filed
- October 16, 2026
- Filed with the SEC after the Staff Determination
- Hearing request deadline
- October 23, 2026
- Deadline to appeal the Staff Determination
- Automatic stay
- 15 calendar days
- Stay of delisting action after a hearing request
Historical Context
-
Nasdaq cited three delinquent reports and extended the compliance deadline to October 12.
-
Nasdaq cited delayed first-quarter Form 10-Q and annual report; no immediate listing impact.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
form 10-k regulatory
form 10-q regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
ATLANTA, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Atlantic American Corporation (Nasdaq: AAME) today announced that on October 16, 2026, the Company received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), which notified the Company that it has initiated a process to delist the Company’s common stock. The Staff Determination was issued because the Company had not filed its Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”) and its Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2026 and June 30, 2026 (collectively, the “Delinquent Reports”) by the previously extended deadline of October 12, 2026, and therefore was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”). The Rule requires companies listed on Nasdaq to timely file all required periodic reports with the Securities and Exchange Commission (“SEC”).
Subsequent to the Company’s receipt of the Staff Determination, the Company filed the 2025 Form 10-K with the SEC on October 16, 2026. The Company continues to work diligently, and is making progress, toward filing the remaining Delinquent Reports and regaining compliance with the Rule as promptly as practicable.
The Company intends to appeal the Staff Determination by timely requesting a hearing before the Nasdaq Hearings Panel. The hearing request must be made no later than October 23, 2026. Under Nasdaq’s listing rules, the hearing request will automatically stay the delisting action for 15 calendar days from the date of the hearing request. The Company also intends to request a further stay of the delisting action pending completion of the hearing process. According to the Staff Determination, hearings are typically scheduled to occur approximately 30 to 45 days after the date of a company’s hearing request.
The Company intends to present to the Nasdaq Hearings Panel a detailed plan to regain compliance with the Rule. The Company expects its common stock to continue trading on The Nasdaq Global Market during the hearing process, but there can be no assurance that the Nasdaq Hearings Panel will grant such request.
Atlantic American Corporation is an insurance holding company involved through its subsidiary companies in specialty markets of the life, health, and property and casualty insurance industries. Its principal insurance subsidiaries are American Southern Insurance Company, American Safety Insurance Company, Bankers Fidelity Life Insurance Company, Bankers Fidelity Assurance Company and Atlantic Capital Life Assurance Company.
Note regarding Private Securities Litigation Reform Act: Except for historical information contained herein, this press release contains forward looking statements, including statements regarding the Company’s ability to regain compliance with Nasdaq listing standards, the Company’s intended appeal of the Staff Determination, and the Company’s intended request for an extended stay of the suspension of trading of its common stock on Nasdaq. These forward-looking statements are not guarantees of future results and involve a number of risks and uncertainties and actual results could differ materially from those indicated by such forward looking statements due to a number of factors, including: the outcome of the Company’s appeal of the Staff Determination; the risk that the Hearings Panel will not grant the Company’s request for an extended stay or any additional extension period to regain compliance with the Rule; and those factors discussed in reports that the Company files from time to time with the SEC. In addition, forward looking statements reflect the Company’s expectations as of the date hereof. The Company undertakes no obligation to update or revise any forward-looking statements contained herein, except as may be required by law. Accordingly, undue reliance should not be placed upon these forward-looking statements.
For further information contact:
Hilton H. Howell, Jr.
Chairman, President & CEO
Atlantic American Corporation
404-266-5505
FAQ
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