INSpire Insurance Solutions Inc., a Fort Worth, Texas-based policy and claims administration service provider to the property and casualty industry, requested a voluntary delisting of its common stock from the NASDAQ National Market effective March 8. NASDAQ halted trading of the company’s stock Feb. 15 after INSpire announced plans to file a voluntary petition for Chapter 11 bankruptcy. INSpire initiated the delisting because the company will be unable to meet the minimum listing requirements of NASDAQ, even after the company emerges from bankruptcy. INSpire is trying to attract market makers in order to list its common stock on the OTC Bulletin Board under the ticker NSPRQ.
Was this article valuable?
Here are more articles you may enjoy.
Chubb Q3 Net Income Down Slightly on More Catastrophe Losses 
Oaktree’s Deal to Buy A-Cap Insurer Crumbles, Spawning New Talks 
Fisherman Killed by 12-Foot Alligator at Central Florida Lake 
Home Insurance Tops Property Taxes in Squeeze for US Households From This Issue
