Fort Worth, Texas-based insurance holding company Hallmark Financial Services Inc. reported it intends to voluntarily withdraw its common stock from listing on the American Stock Exchange (AMEX) and transfer such listing to the NASDAQ Global Market on or after Thursday, Sept. 28, 2006.
The transfer of listing from AMEX to the NASDAQ Global Market is expected to become effective following the pricing of its previously announced public offering.
Hallmark previously announced that it had filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed public offering of up to $80.5 million in shares of its common stock, including shares subject to the underwriters’ over-allotment option. The shares will be sold by Hallmark and its largest stockholder, Newcastle Partners L.P. The number of shares to be offered and offering price will be determined by market conditions at the time of pricing in consultation with the underwriters of the offering.
Source: Hallmark Group
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