CONNECTURE, INC. (NASDAQ:CNXR) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On May 30, 2017, Connecture, Inc., a Delaware corporation (the “Company”), received a letter from The Nasdaq Stock Market (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock for the last 30 consecutive business days, the Company no longer meets the continued listing requirement of maintaining a minimum bid price of $1 per share, as set forth in Nasdaq Listing Rule 5450(a)(1).  As provided in the Nasdaq rules, the Company has 180 calendar days, or until November 27, 2017, to regain compliance with the continued listing standard. In order to regain compliance, the closing bid price of the Company’s common stock on The Nasdaq Global Market must be at least $1 per share for a minimum of ten consecutive business days during this 180-day period.

The May 30, 2017 letter is in addition to the letter that the Company received from Nasdaq on May 4, 2017, stating that for the previous 30 consecutive business days the Company had not met The Nasdaq Global Market’s $15 million minimum market value of publicly held shares continued listing standard, as required by Nasdaq Listing Rule 5450(b)(2)(C), which letter was previously disclosed by the Company in a Current Report on Form 8-K filed on May 5, 2017.  The Company has until October 31, 2017 to regain compliance with the minimum market value of publicly held shares continued listing standard.

If the Company fails to regain compliance with both of the continued listing standards noted above during the applicable compliance periods, the Company’s common stock will be subject to delisting by Nasdaq. The deficiency notices have no immediate effect on the listing of the Company’s common stock on The Nasdaq Global Market under the symbol “CNXR.”

About CONNECTURE, INC. (NASDAQ:CNXR)
Connecture, Inc. provides a Web-based consumer shopping, enrollment and retention platform for health insurance distribution. The Company caters its services to health insurance marketplace operators, such as health plans, brokers and exchange operators. It operates through four segments: Enterprise/Commercial, Enterprise/State, Medicare and Private Exchange. The Enterprise/Commercial segment offers insurance distribution solutions to health plans. The Enterprise/State segment offers the sales automation solutions to state Governments, which allow its customers to offer customized individual and small group exchanges. The Medicare segment offers Web-based Medicare plan comparison, prescription drug comparison and enrollment tools for health plans, pharmacy benefit managers, pharmacies, field marketing organizations and call centers. The Private Exchange segment offers defined-contribution benefit exchange solutions to benefit consultants, brokers, exchange operators and aggregators. CONNECTURE, INC. (NASDAQ:CNXR) Recent Trading Information
CONNECTURE, INC. (NASDAQ:CNXR) closed its last trading session 00.000 at 0.900 with 579,833 shares trading hands.