Enterprise Bancorp (EBTC) submits SEC Form 25 for Nasdaq delisting

Rhea-AI Filing Summary

Enterprise Bancorp Inc. (EBTC) has filed a Form 25 with the U.S. Securities and Exchange Commission to remove its common stock from listing and registration on the Nasdaq Stock Market LLC. The notification, dated 2025-07-01 and signed by Nasdaq representative Tara Petta (AVP), certifies that the exchange has reasonable grounds to believe it meets all filing requirements. The filing identifies the affected security as Common Stock and references the rule provisions under 17 CFR 240.12d2-2 that permit a class of securities to be struck from listing or voluntarily withdrawn. No additional financial information, earnings data, or rationale for the delisting is included in the document.

Because Form 25 is the final procedural step in terminating Section 12(b) registration, EBTC’s shares are expected to cease trading on Nasdaq ten calendar days after filing effectiveness and the registration will be withdrawn 90 days thereafter, unless otherwise specified. Investors should be aware that the company’s equity will no longer be subject to Nasdaq listing standards once the process is complete.

Positive

• None.

Negative

• Form 25 filing confirms that Enterprise Bancorp’s common stock will be removed from Nasdaq listing and Section 12(b) registration.

Insights

Securities Analyst

TL;DR: EBTC is formally delisting its common stock from Nasdaq via Form 25, a development that typically signals reduced exchange-based liquidity.

The Form 25 filing is a conclusive regulatory step that ends Nasdaq listing and Section 12(b) registration for Enterprise Bancorp’s common stock. The absence of explanatory disclosures means the market has no clarity on whether the action is voluntary or exchange-initiated, nor on any strategic redirection such as moving to another trading venue. Delisting removes Nasdaq corporate-governance obligations and may impact trading visibility. While the filing is routine from a procedural standpoint, the implication for shareholders is materially negative because exchange-based liquidity and index eligibility will be lost once the delisting becomes effective.

UNITED STATES

OMB APPROVAL

OMB Number:			3235-0080
Expires:	March 31, 2018
Estimated average burden
hours per response:			1.7

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-33912

Issuer:	ENTERPRISE BANCORP INC /MA/
Exchange:	Nasdaq Stock Market LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	222 Merrimack Street
	Lowell	MASSACHUSETTS	01852
Telephone number:					1 978 459-9000

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Common Stock

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, Nasdaq Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2025-07-01	By	Tara Petta		AVP
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Why did Enterprise Bancorp (EBTC) file Form 25?

The filing serves as official notice to remove EBTC’s common stock from listing and registration on the Nasdaq Stock Market as permitted under 17 CFR 240.12d2-2.

Which EBTC security is affected by the Form 25?

The company’s Common Stock is the class of securities to be delisted and deregistered.

What exchange is EBTC leaving according to the filing?

The filing pertains to removal from the Nasdaq Stock Market LLC.

When was the Form 25 signed?

The document was signed on 2025-07-01 by Nasdaq representative Tara Petta (AVP).

Does the filing provide reasons for EBTC’s delisting?

No. The Form 25 only certifies compliance with SEC rules; it does not disclose the underlying reason for delisting.