Business Context and Reporting Period
This Form 8-K filing by Conifer Holdings Inc. (trading symbol: CNFR) was submitted on March 19, 2024, regarding a corporate event effective March 21, 2024. The Company is incorporated in Michigan and maintains its principal executive offices in Troy, MI.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on listing status and does not contain financial performance data.
Material Changes
- Listing Transfer: The Company received approval from The Nasdaq Stock Market to transfer its Common Stock listing from the Nasdaq Global Market to the Nasdaq Capital Market.
- Compliance Cure: This transfer cures a deficiency regarding the minimum Market Value of Publicly Held Shares (MVPHS) of $5,000,000 required for the Nasdaq Global Market, as notified by Nasdaq on October 23, 2023.
- Effective Date: The transfer became effective at the open of business on March 21, 2024.
- Trading Symbol: The Common Stock continues to trade under the symbol "CNFR."
- Debt Instrument Status: The Company's 9.75% Senior Unsecured Notes due 2028 (trading symbol: CNFRZ) will continue to trade on the Nasdaq Global Market.
Outlook, Risks, and Management Commentary
Management notes that the Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Market. Listed companies must continue to meet certain financial requirements and comply with Nasdaq's corporate governance requirements. No specific guidance, risks, or contingencies beyond the listing transfer were disclosed in this filing.
Investor Verification Checklist
- Verify the current trading status of CNFR on the Nasdaq Capital Market.
- Confirm the continued listing of the 9.75% Senior Notes (CNFRZ) on the Nasdaq Global Market.
- Review subsequent filings to ensure ongoing compliance with Nasdaq Capital Market financial requirements.
- Check for any future correspondence from Nasdaq regarding the Company's compliance status.