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Stock impact report

Kingsway Announces Receipt of Notification Letters from NYSE

Kingsway Financial Services, Inc. (DE) (KFS) 
Company Research Source: PR Newswire
ITASCA, IL, April 21, 2020 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced it received notice from the New York Stock Exchange ("NYSE") that the Company is not in compliance with NYSE listing standard 802.01E because it had not timely filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the "2019 Form 10-K"). NYSE has informed the Company it will closely monitor the status of Kingsway's late filing and related public disclosures for up to a six-month period from its due date. Kingsway will continue to work with its auditors with the objective of filing its 2019 Form 10-K as soon as practicable.The Company also today announced that it received a notice from NYSE that the Company is not in compliance with NYSE listing standard 802.01B because its average global market capitalization over a consecutive 30 trading-day period is less than $50,000,000 and stockholders' equity is less than $50,000,000. NYS Show less Read more
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