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.
Stryker Remains Offline After Cyberattack Linked to Iran Group 
Insurify’s Founders Discuss Evolution of Insurance Shopping With AI 
Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates 
3 Big Questions Facing FEMA With Kristi Noem Out From This Issue
