SelectQuote Inc. (NYSE: SLQT) received a notice from the New York Stock Exchange indicating the company no longer complies with continued listing standards because its average closing stock price fell below $1.00 per share over a consecutive 30 trading-day period.

The insurance marketplace company has six months to cure the deficiency. SelectQuote can regain compliance if its common stock has a closing price of at least $1.00 and an average closing price of at least $1.00 over a 30 trading-day period ending on the last trading day of any calendar month during the cure period.

The company's stock will continue trading on the NYSE during the cure period, subject to compliance with other listing standards. SelectQuote stated it plans to monitor its stock price closely and take appropriate actions if necessary to maintain its NYSE listing.

SelectQuote reported securing a $415 million credit facility earlier this year that extends most debt maturities to 2031. The company projects fiscal 2026 operating cash flow between $25 million and $35 million.

The Overland Park, Kansas-based company operates an insurance marketplace serving seniors, healthcare services, and life insurance segments. Founded in 1985, SelectQuote provides insurance comparisons from multiple carriers through trained agents and proprietary technology.