Gulf Island Fabrication (NASDAQ: GIFI) plans Nasdaq delisting of common stock

Rhea-AI Filing Summary

Gulf Island Fabrication Inc. is being removed from listing and registration of its common stock on the Nasdaq Stock Market LLC under Section 12(b) of the Securities Exchange Act of 1934. Nasdaq filed Form 25, stating it has followed its own rules to strike this class of securities from listing and registration. The company’s common stock is the affected security, and the issuer has complied with Nasdaq’s rules and the requirements of Rule 12d2‑2(c) that govern voluntary withdrawal from listing and registration.

Positive

• None.

Negative

• Gulf Island Fabrication Inc. common stock is being removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b) of the Exchange Act, which typically reduces liquidity and market visibility for shareholders.

Insights

Equity markets analyst

Gulf Island Fabrication’s common stock is being delisted from Nasdaq.

Gulf Island Fabrication Inc. is having its common stock removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b) of the Exchange Act, as disclosed in Form 25. This means the shares will no longer trade on Nasdaq once the delisting process is complete.

Nasdaq certifies that it has followed its rules to strike this class of securities, and the issuer has complied with Nasdaq’s rules and Rule 12d2‑2(c) requirements governing voluntary withdrawal from listing and registration. This shifts trading, if any, to alternative venues outside Nasdaq, typically with lower liquidity and visibility.

For investors, delisting generally makes it harder to trade shares and can reduce price transparency and market access. Future disclosures in company filings may provide more detail on trading arrangements after delisting and any plans related to the company’s capital markets strategy.

UNITED STATES

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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

001-34279

Issuer:	GULF ISLAND FABRICATION INC
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:	583 Thompson Road
	Houma	LOUISIANA	70363
Telephone number:					+1 985 872-2100

(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.

2026-01-16	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

What does the Form 25 filing mean for Gulf Island Fabrication (GIFI)?

The Form 25 filing states that Gulf Island Fabrication Inc. will have its common stock removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b) of the Exchange Act.

Which Gulf Island Fabrication security is affected by this Nasdaq action?

The affected security is Gulf Island Fabrication Inc. common stock, which is being struck from listing and registration on the Nasdaq Stock Market LLC.

Is Gulf Island Fabrication’s delisting from Nasdaq voluntary or involuntary?

The document notes that the issuer has complied with the Exchange’s rules and the requirements of Rule 12d2‑2(c), which govern the voluntary withdrawal of a class of securities from listing and registration.

Who certified the removal of Gulf Island Fabrication stock from Nasdaq?

Nasdaq Stock Market LLC certified that it has reasonable grounds to believe it meets all requirements for filing Form 25 and signed the notification through a duly authorized person.

Under what legal authority is Gulf Island Fabrication being delisted?

The removal from listing and registration is made under Section 12(b) of the Securities Exchange Act of 1934 and related rules, including 17 CFR 240.12d2‑2(b) and 12d2‑2(c).

What exchange was Gulf Island Fabrication listed on before this Form 25?

Before this action, Gulf Island Fabrication Inc. common stock was listed on the Nasdaq Stock Market LLC, which is the exchange filing the Form 25.