SelectQuote 10-K Reveals NYSE Delisting Notice, Reverse Split Plan, and $325M Refinancing
SLQT sits 15% above its 52-week low of $0.563.
Summary
SelectQuote's 10-K discloses an NYSE delisting notice, a planned reverse stock split vote, a $325M debt refinancing, and an active DOJ False Claims Act case — all while the stock trades at $0.65.
Key Events · Earnings and Guidance · SLQT
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NYSE Delisting Notice and Reverse Split Plan
Received NYSE non-compliance notice on March 19, 2026 for sub-$1.00 average closing price. On August 10, 2026, informed NYSE of plan to seek stockholder approval for a reverse stock split at the next annual meeting.
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$325M Senior Secured Credit Facility
Entered January 8, 2026: $325M term loan (SOFR + 6.50%, 3.00% floor) and $90M revolving facility. Proceeds repaid previous credit agreement; recognized $8.7M loss on extinguishment.
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DOJ False Claims Act Case Advances
Court denied defendants' motion to dismiss on March 26, 2026 (except unjust enrichment). Company filed answer May 22, 2026. Relator's independent claims voluntarily dismissed July 2, 2026.
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Full-Year FY2026 Financial Results
Revenue $1.618B (+6% YoY); net income $62.2M; net loss attributable to common shareholders $11.6M after $73.8M preferred dividends/accretion. Adjusted EBITDA $109.1M.
Analysis · SLQT · Finance
The annual report confirms that SelectQuote received an NYSE delisting notice on March 19, 2026, and plans to seek stockholder approval for a reverse stock split at its next annual meeting. With the stock trading at $0.65, well below the $1.00 minimum, the company also refinanced its debt in January 2026 with a new $325M senior secured term loan and $90M revolving facility. Meanwhile, the DOJ False Claims Act case survived a motion to dismiss in March 2026. Full-year revenue grew 6% to $1.62B, but net loss attributable to common shareholders was $11.6M after $73.8M in preferred stock dividends and accretion. The warrant liability fell to $22.9M from $78.7M, a non-cash gain driven by the lower share price.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 37.4% of the 3413 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SLQT was trading at $0.65 on NYSE in the Finance sector, with a market capitalization of approximately $136.8M. The 52-week trading range was $0.56 to $2.77. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.