Unico American Corporation's Principal Subsidiary, Crusader Insurance Company Placed In Conservation Unico Receives Notice Of Delisting From Nasdaq Effective June 15. 2023
Portfolio Pulse from Happy Mohamed
Unico American Corporation's subsidiary, Crusader Insurance Company, has been placed in conservation by the California Insurance Commissioner due to hazardous financial conditions. As a result, Unico has received a notice of delisting from Nasdaq effective June 15, 2023.
June 08, 2023 | 8:39 pm
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Unico American Corporation's subsidiary Crusader Insurance is in conservation, and Unico will be delisted from Nasdaq on June 15, 2023.
The conservation of Crusader Insurance, Unico's only operating subsidiary, indicates severe financial issues. The delisting from Nasdaq will likely reduce the stock's visibility and liquidity, negatively impacting its short-term price.
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