Atlantic American receives Nasdaq late-filing notice

What happened

Atlantic American Corp., a life insurance holding company based in Atlanta, said in an SEC filing that it received a notice from Nasdaq on August 20, 2026, stating the company is not in compliance with a listing rule because it has not timely filed required periodic financial reports.

The company has not filed its Annual Report on Form 10-K for the year ended December 31, 2025, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, or its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. Nasdaq's rule requires listed companies to file these reports on time.

Atlantic American said Nasdaq had previously granted it an extension until October 12, 2026 to regain compliance, and that it must submit an updated plan by September 4, 2026. If Nasdaq rejects the plan, the company can appeal to a Nasdaq Hearings Panel.

The company said the notice has no immediate effect on its common stock listing on The Nasdaq Global Market, and that it is making progress toward filing the delinquent reports.

Shares of Atlantic American rose 20.8% on August 26, 2026, closing at $1.57 on volume of about 983,000 shares, roughly 25 times its average daily volume.

The filing

The disclosure was made in a Form 8-K, a current report companies file with the SEC to announce significant events. Item 3.01 of the form is specifically used to report a delisting notice or a failure to satisfy a continued listing rule.

The company also issued a press release on the same day, which was attached as an exhibit to the filing.

The filing states that the notice was received on August 20, 2026, though the report was filed on August 26, 2026.

What this means

A Form 8-K under Item 3.01 is how a company tells the market that it has received a delisting notice or failed to meet a stock exchange's listing standards. Here, the notice is about missing SEC filing deadlines, not about the company's financial condition or operations.

The rule in question, Nasdaq Listing Rule 5250(c)(1), requires listed companies to file all required periodic reports with the SEC on time. When a company misses a filing, Nasdaq can issue a deficiency notice and give the company a chance to submit a plan to regain compliance.

The company has an existing extension to October 12, 2026, and now has a deadline of September 4, 2026 to submit an updated plan regarding the most recent 10-Q. If that plan is accepted, the extension remains in place; if not, the company can appeal to a Hearings Panel.

For now, the company's stock remains listed. The practical next step is that the company must file the three delinquent reports or reach a new agreement with Nasdaq. The company says it is working toward that goal.