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.
Seven People Charged in $100M Workers’ Compensation Fraud Operation in Florida 
The Great Modern Train Robbery: Thieves Steal $200 Million a Year 
General Contractor Found Not Liable for Subcontractor Employee’s Injury 
Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says From This Issue
