SelectQuote regains compliance with NYSE, to seek approval for reverse split

SelectQuote announced that it received notice from the New York Stock Exchange on March that the Company has regained compliance with the Exchange’s minimum stock price requirement. The Company previously received a letter from the New York Stock Exchange on October 20 indicating the Company was no longer in compliance with the Exchange’s continued listing standards, as the average share price of the Company’s common stock over a consecutive 30 trading-day period had fallen below $1.00. As of February 28 , the share price and 30 trading-day average share price of the Company’s common stock had risen above $1.00, curing the stock price deficiency. In light of this development, the Company has no immediate plans to effect a reverse stock split; however, the Company will still seek approval of the reverse stock split proposal currently pending before the Company’s stockholders to afford the Board of Directors the ability to effect a reverse split in the future if it determines doing so would be in the best interest of the Company and its stockholders. Accordingly, the Company still intends to hold the special stockholder meeting scheduled for 9:00 AM CT on Thursday, March 2 .