TIPTREE INC. (NASDAQ:TIPT) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01
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Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing. |
a notification from the Listing Qualifications Department of The
NASDAQ Stock Market LLC (NASDAQ) stating that the Company is not
in compliance with NASDAQ Listing Rule 5250(c)(1) because it has
not yet filed its Quarterly Report on Form 10-Q for the quarter
ended March 31, 2017 (the Form 10-Q).
Companys common stock on The NASDAQ Capital Market. Under NASDAQ
Listing Rules, the Company has until July 17, 2017 to comply with
the NASDAQ Listing Rule or to submit a plan to NASDAQ to regain
compliance. If it accepts the Companys plan, NASDAQ can grant an
exception of up to 180 calendar days from the Form 10-Q due date
(which would be November 6, 2017) for the Company to regain
compliance. If NASDAQ does not accept the Companys plan, the
Company will have the opportunity to appeal that decision to a
NASDAQ Hearings Panel before any delisting occurs.
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Item 7.01
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Regulation FD Disclosure.
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its receipt of the NASDAQ letter. A copy of the press release is
attached as Exhibit 99.1.
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Item 9.01
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Financial Statements and Exhibits.
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About TIPTREE INC. (NASDAQ:TIPT)
Tiptree Inc., formerly Tiptree Financial Inc., is a diversified holding company that acquires and manages controlling interests of operating businesses. The Company conducts its operations through Tiptree Operating Company, LLC (the Operating Company). It operates through five segments: insurance and insurance services, specialty finance, real estate, asset management, and corporate and other. The insurance and insurance services segment operates through Fortegra Financial Corporation. The specialty finance segment operates through Siena Capital Finance LLC and Luxury Mortgage Corp. The real estate segment operates through Care LLC. The asset management segment operations include Telos Asset Management’s management of collateralized loan obligations and Muni Capital Management’s management of Non-Profit Preferred Funding Trust I. The corporate and other segment operations include Tiptree Direct Holdings LLC (TDH) and Muni Funding Company of America LLC (MFCA). TIPTREE INC. (NASDAQ:TIPT) Recent Trading Information
TIPTREE INC. (NASDAQ:TIPT) closed its last trading session down -0.20 at 6.15 with 13,816 shares trading hands.
