Form 8-K - Current report

0001828105FALSE00018281052024-09-092024-09-09

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): September 9, 2024

 

Hippo Holdings Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

 

Delaware

001-39711

32-0662604

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification Number)

 

150 Forest Avenue

Palo Alto, California 94301

650 294-8463

(Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

			☐			Written communications pursuant to Rule 425 under the Securities Act
			☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act
			☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
			☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, $0.0001 par value per share

HIPO

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

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Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On September 9, 2024, Hippo Holdings Inc. (the “Company”) received notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that the Company’s warrants (the “Warrants”) are no longer suitable for listing based on “abnormally low selling price” levels, pursuant to Section 802.01D of the NYSE Listed Company Manual, and that the NYSE Regulation has determined to delist the Warrants. Every 25 Warrants are presently exercisable for one share of the Company’s common stock at an exercise price per share of $287.50, ticker symbol “HIPO.WS.”

The NYSE has indicated that the Warrants have been delisted immediately. The Company does not intend to appeal the NYSE determination.

Trading in the Company’s common stock, ticker symbol “HIPO,” will continue on the NYSE and is unaffected by this action.

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 10, 2024

 

HIPPO HOLDINGS, INC.
By:						/s/ STEWART ELLIS
						Stewart Ellis
						Chief Financial Officer & Chief Strategy Officer

Cover	Sep. 09, 2024
Entity Information [Line Items]
Document Type	8-K
Document Period End Date	Sep. 09, 2024
Entity Registrant Name	Hippo Holdings Inc.
Entity Incorporation, Date of Incorporation	DE
Entity File Number	001-39711
Entity Tax Identification Number	32-0662604
Entity Address, Address Line One	150 Forest Avenue
Entity Address, City or Town	Palo Alto
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94301
City Area Code	650
Local Phone Number	294-8463
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, $0.0001 par value per share
Trading Symbol	HIPO
Security Exchange Name	NYSE
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Central Index Key	0001828105
Amendment Flag	false

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