# AAME notes

- Kind: Company note
- Ticker: AAME
- Company: ATLANTIC AMERICAN CORP
- Canonical: https://edgartracker.com/s/AAME/zHfbza-9xmo6YijiLhDAxQ
- Updated: 2026-10-23T05:25:35.165587Z

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# Atlantic American Corp (AAME): As of 2026-10-23 — Nasdaq delisting risk looms amid reporting delays

## Picture as of 2026-10-23
Atlantic American Corporation is under significant pressure due to non-compliance with Nasdaq's reporting requirements. The company has filed its 2025 Form 10-K but remains delinquent on its first- and second-quarter 2026 Forms 10-Q. Nasdaq has initiated delisting proceedings, and the company's future on the exchange depends on upcoming hearings and its ability to complete the overdue filings.

## What changed in the window
During this period, Atlantic American filed its 2025 Form 10-K on October 16, 2026, partially addressing its backlog. However, missing the October 12 deadline for quarterly reports led to a Nasdaq delisting determination. The company plans to request a hearing by October 23, 2026, which will temporarily stay the suspension of trading for 15 days, but the possibility of an extended stay remains uncertain.

## Capital, ownership, and filings that matter
Recent filings show no changes in capital structure or new financing activities. An amendment to the 10-K on October 19 corrected an auditor signature without altering financial results, maintaining a 2025 net income of $6.017 million. The focus is on compliance with Nasdaq and lender agreements, with extended deadlines for financial statements under its credit agreement with Truist Bank.

## What to watch
- **Nasdaq Hearing Request**: Due by October 23, 2026, to potentially secure an extended stay of trading suspension.
- **Outstanding Filings**: Completion of the first- and second-quarter 2026 Forms 10-Q is critical for compliance.
- **Hearing Outcome**: The Nasdaq panel's decision on the delisting appeal and any extended stay will be pivotal.
- **Financial Health**: Monitor the company's ability to maintain its AM Best rating and meet credit agreement terms.
- **Operational Costs**: Increased lease costs and cybersecurity investments need close monitoring.

[Generated on Edgar Tracker · edgartracker.com · Article · As of 2026-10-23 · GPT 4o]