LendingClub to Transfer Listing to Nasdaq; New Ticker Symbol "HAPN" to Reflect the Launch of Happen Bank
Rhea-AI Summary
LendingClub (NYSE:LC) will transfer its common stock listing from the NYSE to the Nasdaq Global Select Market. Trading on Nasdaq is expected to begin June 22, 2026 under the new ticker symbol HAPN, reflecting the launch and rebranding of LendingClub Bank as Happen Bank.
LendingClub highlights its evolution into a growth-oriented digital bank and its alignment with technology-focused investors. Shares will trade as LC on NYSE through market close on June 18, 2026. No shareholder action is required. The company will ring the Nasdaq Opening Bell on June 30, 2026.
Positive
- Listing transfer to Nasdaq Global Select Market effective June 22, 2026
- New ticker symbol HAPN aligned with Happen Bank rebranding
- Company positions itself as a growth-oriented, digital-first bank
- No action required by existing shareholders for listing or ticker change
Negative
- None.
News Market Reaction – LC
In the Jun 3 session, LC declined 6.34%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 27 | Partnership launch | Positive | -1.8% | Home improvement financing launch via Wisetack partnership with large addressable market. |
| Apr 27 | Earnings report | Positive | -1.8% | Q1 2026 results showed higher net income, EPS, originations and strong balance sheet. |
| Apr 21 | Rebranding news | Neutral | -3.0% | Announced LendingClub Bank rebrand to Happen Bank with unchanged products and strategy. |
| Apr 07 | Earnings schedule | Neutral | +3.6% | Set date and time for Q1 2026 earnings release and investor call details. |
| Jan 28 | Earnings report | Positive | -16.0% | Strong Q4 and FY 2025 earnings with revenue growth, higher originations and EPS guidance. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent history shows multiple positive fundamental and partnership updates followed by negative price reactions, suggesting a tendency for the stock to sell off or fade strength after good news.
Over the last six months, LC has reported solid fundamentals, including strong Q4 2025 and Q1 2026 earnings with growing originations and profitability, plus liquidity and capital ratios highlighted on Jan 28 and Apr 27. It also announced the Happen Bank rebrand on Apr 21 and launched a Wisetack partnership targeting the home improvement market. Despite these positive developments, shares often declined after these releases, making today’s positive move on the Nasdaq transfer and branding alignment noteworthy against that backdrop.
Key Terms
nasdaq global select market technical
ticker symbol technical
common stock financial
opening bell technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Expected First Day of Trading on the Nasdaq Stock Exchange on Monday, June 22, 2026 Company to Ring the Nasdaq Opening Bell on Tuesday, June 30, 2026
The company's common stock is expected to begin trading on the Nasdaq Global Select Market on June 22, 2026, under the new ticker symbol – HAPN – to reflect the rebranding of LendingClub Bank to Happen Bank.
The transfer to Nasdaq reflects the company's position as a growth-oriented, digital bank and strengthens its alignment with investors focused on companies using technology and innovation to drive long-term shareholder value.
"We were founded on the belief that technology could make lending better – and it worked," said Scott Sanborn, LendingClub CEO. "We've since evolved beyond lending into a diversified digital-first bank combining deposits, lending, and a capital-light marketplace model. Just as the Happen Bank brand better reflects everything we do for our members, our move to Nasdaq better reflects the technology and innovation that has always been part of our DNA."
"Nasdaq is proud to welcome LendingClub as it begins this exciting new chapter," said J.R. Mastroianni, Head of Exchange Transfers, Listings Services at Nasdaq. "The company's focus on using technology to make it easy to make smart financial decisions aligns closely with our community of innovation-driven companies, and we look forward to supporting its continued growth."
No action is required by existing shareholders with respect to the transfer of the listing or the ticker symbol change. LendingClub's common stock is expected to continue to be listed under the NYSE ticker symbol "LC" through market close on June 18, 2026.
The company plans to commemorate its new listing by participating in the Nasdaq Opening Bell Ceremony on Tuesday, June 30, 2026, at the Nasdaq MarketSite in
About LendingClub
LendingClub Bank — soon to be Happen Bank — is a digital bank built for the Motivated Middle: high-FICO, high-income, digitally savvy consumers actively managing their financial lives. Our difference? We make it easy for them to access award-winning products that help them keep more of what they earn and earn more on what they save. Our products are aligned by design to reward our five million plus members when they take positive financial steps like saving regularly or making loan payments on time.
Our success is fueled by our advanced credit underwriting, a proprietary technology platform engineered for innovation, and a marketplace bank model that drives value for members, loan investors, and shareholders alike. The result is affordable credit, meaningful value, and a trusted banking relationship — delivered consistently and profitably at scale.
As we look to our next chapter, we're choosing a name that reflects why we exist: to clear the way for our members to make it happen. Learn more at: https://www.meethappen.com/.
LendingClub Corporation (NYSE: LC) — soon to be Happen, Inc. — is the parent company and operator of LendingClub Bank, National Association, Member FDIC. For more information about LendingClub, visit https://www.lendingclub.com.
Safe Harbor Statement
Some of the statements in this press release, including statements regarding the timing and impact of our listing on Nasdaq and rebranding initiative, are "forward-looking statements." Words such as "plan", "expect", "anticipate" and similar expressions may identify forward-looking statements, although not all forward-looking statements may contain these identifying words. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: macroeconomic conditions, completing onboarding with Nasdaq, and those factors set forth in the section titled "Risk Factors" in LendingClub Corporation's most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, as well as in its subsequent filings with the Securities and Exchange Commission. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contacts
For Media: Press@lendingclub.com
For Investors: IR@lendingclub.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/lendingclub-to-transfer-listing-to-nasdaq-new-ticker-symbol-hapn-to-reflect-the-launch-of-happen-bank-302789099.html
SOURCE LendingClub Corporation