Insurance Management Solutions Group, a provider of outsourcing services for insurance and financial companies, said Wednesday that Nasdaq plans to delist its shares.
The company’s stock is expected to cease trading on Nasdaq as of Feb. 22 because of Insurance Management’s failure to meet minimum listing requirements. The company does not believe it will have grounds to challenge the delisting. Insurance Management said it would consider moving its shares to the Over-The-Counter Bulletin Board.
Insurance Management shares closed Wednesday at 7/16, down from a high of $3-3/4.
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