Heritage Commerce Corp delists Common Stock from Nasdaq

Heritage Commerce Corp notified Nasdaq that its Common Stock will be removed from listing and/or withdrawn from registration on the Nasdaq Stock Market LLC.

Rhea-AI Filing Summary

Heritage Commerce Corp notified Nasdaq that its Common Stock will be removed from listing and/or withdrawn from registration on the Nasdaq Stock Market LLC. The Exchange states it has complied with 17 CFR 240.12d2-2 procedures and the issuer has complied with Exchange rules governing voluntary withdrawal.

Insights

Exchange Compliance Counsel

Removal is an administrative delisting/withdrawal under Rule 12d2-2.

The filing documents that Nasdaq and the issuer followed the procedural requirements of 17 CFR 240.12d2-2. This form signals a change in trading venue/status rather than an operational or financial disclosure.

Key items to track in subsequent filings are the effective date of removal and any transfer of listing to another exchange or OTC quotation service.

Corporate Governance Analyst

Voluntary withdrawals usually reflect strategic or administrative choices, not necessarily distress.

The notice states the issuer "has complied with its rules of the Exchange" for voluntary withdrawal; no financial metrics or cause are provided. Stakeholders should look for follow-up filings explaining the rationale and future trading arrangements.

Absent further disclosures, immediate investor-impact assessment is limited.

Key Figures

Commission File Number: 000-23877 Exchange: Nasdaq Stock Market LLC Security class: Common Stock +2 more

5 metrics

Commission File Number 000-23877 Form 25 cover filing

Exchange Nasdaq Stock Market LLC Listing venue being withdrawn

Security class Common Stock Class removed from listing/registration

Address 224 Airport Parkway, San Jose, CA 95110 Issuer principal executive offices

Expires March 31, 2018 Form header expiry date shown

Key Terms

Form 25, 17 CFR 240.12d2-2, voluntary withdrawal

3 terms

Form 25 regulatory

"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING"

A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.

17 CFR 240.12d2-2 regulatory

"Pursuant to 17 CFR 240.12d2-2(b)"

A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.

voluntary withdrawal regulatory

"voluntary withdrawal of the class of securities from listing"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Heritage Commerce Corp (HTBK) Form 25 mean?

It notifies that Heritage Commerce Corp's Common Stock is being removed from Nasdaq listing. The filing states Nasdaq and the issuer complied with 17 CFR 240.12d2-2 procedures for withdrawal and voluntary delisting.

Will HTBK shares stop trading after this Form 25?

Not necessarily; Form 25 removes listing from Nasdaq but does not by itself halt trading. The filing does not state the post-delisting venue, timing, or trading suspension arrangements.

Does the Form 25 disclose why HTBK is delisting?

No. The filing certifies procedural compliance under 12d2-2 but contains no substantive explanation of the issuer's business or strategic reasons for withdrawal.

Who signed the Form 25 for HTBK and what authority is cited?

The form was signed on behalf of Nasdaq by Tara Petta, AVP. The filing cites Nasdaq's compliance with 17 CFR 240.12d2-2 and the issuer's voluntary withdrawal procedures.

What should shareholders of HTBK expect next?

Shareholders should expect follow-up disclosures describing timing and venue for post-delisting trading or corporate rationale. The Form 25 itself contains no timing or cash-flow details.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/17/2026 - 05:37 PM Learn about SEC filing dates

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

000-23877

Issuer:	HERITAGE COMMERCE CORP
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:	224 Airport Parkway
	San Jose	CALIFORNIA	95110
Telephone number:					+1 408 947-6900

(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.

2026-04-17	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.