Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
On February 10, 2009, Inter-Atlantic Financial, Inc. ("Company") received
notice from the NYSE Alternext US, LLC ("Exchange") indicating that it was not
in compliance with Section 704 of the NYSE Alternext US Company Guide (the
"Company Guide") because the Company did not hold an annual meeting of its
stockholders during the year ended December 31, 2008. The Company is in receipt
of this letter although the Company's counsel, at the Company's direction,
previously contacted the Exchange and was informed verbally that due to the
timing of the Company's initial public offering the Company would not be
required to have an annual meeting until 2009.
The notification from the Exchange indicates that the Company has until
March 10, 2009 to submit a plan advising the Exchange of action it has taken, or
will take, that would bring the Company into compliance with all continued
listing standards by August 11, 2009. Upon receipt of the Company's plan, which
the Company anticipates filing with the Exchange prior to the March 10, 2009
deadline, the Exchange will evaluate the plan and make a determination as to
whether the Company has made a reasonable demonstration in the plan of an
ability to regain compliance with the continued listing standards, in which case
the plan will be accepted. If accepted, the Company will be able to continue its
listing, during which time the Company will be subject to continued periodic
review by the Exchange's staff. If the Company's plan is not accepted, the
Exchange could initiate delisting procedures against the Company.
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits:
Exhibit Description
99.1 Press release dated February 17, 2009.
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