BASE Form 25 Filed — Nasdaq Delisting/Withdrawal Notification
Rhea-AI Filing Summary
Couchbase, Inc. (BASE) submitted a Form 25 notification indicating the class of its securities will be removed from listing and/or registration on the Nasdaq Stock Market LLC. The filing lists the issuer's principal office at 3250 Olcott Street, Santa Clara, CA and provides a contact phone number. The form cites compliance with the Exchange Act withdrawal procedures under 17 CFR 240.12d2-2, and states that the Exchange and the Issuer have complied with applicable rules for striking the class from listing and/or voluntary withdrawal.
Positive
- Nasdaq certifies it has complied with rules to file Form 25 under 17 CFR 240.12d2-2
- The filing states the Issuer has complied with applicable Exchange rules for voluntary withdrawal
Negative
- The class of Couchbase securities is being removed from listing/registration on Nasdaq
- Filing provides no reason, timing, or financial details explaining the removal
Insights
Form 25 documents a Nasdaq delisting/withdrawal for Couchbase (BASE).
The filing formally notifies the SEC that the class of Couchbase securities will be removed from listing on Nasdaq Stock Market LLC. It explicitly references compliance with 17 CFR 240.12d2-2, indicating procedural steps were followed by the Exchange.
This is material because removal from an exchange affects trading venue and regulatory registration status; the filing itself contains no financial metrics or stated reason for the removal.
The document confirms both the Exchange and the Issuer assert procedural compliance.
The form includes the Issuer's principal office address and telephone and contains the Exchange's certification that it has reasonable grounds for filing Form 25. It also notes the issuer's compliance option for voluntary withdrawal per the rule text cited.
Because the filing contains no explanations, dates, or financial details about the cause or timing, further disclosure from the company or the Exchange would be needed for investors to assess operational impact.