Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard? Transfer of Listing.
Atlas Financial Holdings, Inc. (the "Company") received a delinquency
notification letter from the Listing Qualifications Staff (the "Staff") of The
Nasdaq Stock Market LLC ("Nasdaq") on January 6, 2020 due to the Company's
non-compliance with Nasdaq Listing Rule 5620(a) as a result of the Company's
failure to hold an annual general meeting of shareholders during 2019.
The Company was unable to hold an annual general meeting in 2019 due to the
previously disclosed delay in the filing of its Annual Report on Form 10-K for
the fiscal year ended December 31, 2018 (the "2018 10-K"). Also as previously
disclosed, the Nasdaq Hearings Panel (the "Panel") issued its decision granting
the Company's request for continued listing on The Nasdaq Capital Market despite
its failure to file the 2018 10-K and its Quarterly Reports on Form 10-Q for the
quarters ended March 31, 2019, June 30, 2019 and September 30, 2019
(collectively, the "Periodic Reports"), subject to the Company's filing all of
the Periodic Reports with the SEC by no later than February 28, 2020. The
Company intends to timely update the Panel with respect to its compliance plan
as requested by the Staff.
The Company intends to hold an annual general meeting of shareholders in 2020 in
the ordinary course following the filing of the Periodic Reports and the
Company's Annual Report on Form 10-K for the fiscal year ended December 31,
2019.
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