Delisting of Securities from The Nasdaq Stock Market
Rhea-AI Summary
Nasdaq (NASDAQ:NDAQ) has announced the delisting of securities from multiple companies from The Nasdaq Stock Market. The affected companies include Digital Brands Group, Lipella Pharmaceuticals, ZyVersa Therapeutics, Crown LNG Holdings, Brainstorm Cell Therapeutics, Wag! Group, Ontrak, TPI Composites, Embrace Change Acquisition Corp, and ModivCare.
All these securities were previously suspended from trading between December 2024 and August 2025 and haven't traded on Nasdaq since their respective suspension dates. The delistings affect various types of securities including common stocks, warrants, ordinary shares, units, and rights.
Positive
- None.
Negative
- Delisting of 10 companies' securities from Nasdaq indicates potential market stress or compliance issues
- Multiple companies across different sectors affected, suggesting broader market concerns
- Loss of trading venue for affected securities impacts their liquidity and accessibility
News Market Reaction
On the day this news was published, NDAQ declined 1.46%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Sept. 24, 2025 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the warrants of Digital Brands Group, Inc. Digital Brands Group, Inc.’s warrants were suspended on December 18, 2024 and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of Lipella Pharmaceuticals Inc. Lipella Pharmaceuticals Inc.’s stock was suspended on June 20, 2025 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of ZyVersa Therapeutics, Inc. ZyVersa Therapeutics, Inc.’s common stock was suspended on July 17, 2025 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the ordinary shares and warrants of Crown LNG Holdings Limited. Crown LNG Holdings Limited’s securities were suspended on July 17, 2025 and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of Brainstorm Cell Therapeutics Inc. Brainstorm Cell Therapeutics Inc.’s stock was suspended on July 18, 2025 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock and warrants of Wag! Group Co. Wag! Group Co.’s securities were suspended on July 30, 2025 and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of Ontrak, Inc. Ontrak, Inc.’s stock was suspended on August 18, 2025 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of TPI Composites, Inc. TPI Composites, Inc.’s stock was suspended on August 19, 2025 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the ordinary shares, units, warrants, and rights of Embrace Change Acquisition Corp. Embrace Change Acquisition Corp’s securities were suspended on August 21, 2025 and have not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of ModivCare Inc. ModivCare Inc.’s stock was suspended on August 28, 2025 and has not traded on Nasdaq since that time.
For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.
FAQ
How many companies are being delisted from Nasdaq in September 2025?
When were these companies suspended from trading on Nasdaq?
What types of securities are being delisted from Nasdaq?
Where can investors find Nasdaq's rules about security delisting?
What happens to shares of companies after being delisted from Nasdaq?
