Katapult Holdings (NASDAQ: KPLT) removes warrant listing from Nasdaq
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
Katapult Holdings, Inc. filed a Form 25 notification reflecting the removal of a class of warrants from listing and/or registration on the Nasdaq Stock Market LLC. The Exchange and the issuer certify compliance with 17 CFR 240.12d2-2 procedures for voluntary withdrawal.
Positive
- None.
Negative
- None.
Insights
Form 25 documents a voluntary delisting of warrants under Nasdaq rules.
The filing shows Nasdaq and the issuer state they complied with the procedural requirements of 17 CFR 240.12d2-2 for striking the warrants from listing. This is an administrative exchange action rather than an operational performance disclosure.
Cash-flow treatment and any holder remedies are not described in the excerpt; subsequent filings or exchange notices would provide implementation details.
Key Figures
Commission File Number: 001-39116
Principal office zip code: 75024
Issuer telephone: 646-952-9822
+1 more
4 metrics
Commission File Number
001-39116
Form 25 cover
Principal office zip code
75024
Address: Plano, TEXAS
Issuer telephone
646-952-9822
Contact listed on Form 25
Expires
March 31, 2018
Expires line on top of the excerpt
Key Terms
Form 25, 17 CFR 240.12d2-2, withdrawal of registration
3 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"
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), the Exchange has complied with its rules"
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.
withdrawal of registration regulatory
"withdraw registration on the Exchange"
FAQ
What does Katapult Holdings' Form 25 mean for KPLT warrants?
It means the listed class of warrants is being removed from Nasdaq; the Exchange certifies procedural compliance under 17 CFR 240.12d2-2. The filing describes administrative removal; it does not state how holders will be paid or whether trading will continue elsewhere.
Who certified the removal of the warrants from Nasdaq?
Nasdaq Stock Market LLC certified the removal and the issuer (Katapult Holdings) attested to meeting exchange rules. The filing is signed by an exchange official, indicating procedural confirmation under the referenced SEC rule.
Is this a forced delisting or a voluntary withdrawal?
The filing references voluntary withdrawal language and compliance with 17 CFR 240.12d-2(c), indicating the action is presented as a voluntary withdrawal by the issuer rather than a regulatory forced delisting by the Exchange.
Does the Form 25 state any financial impact or proceeds for Katapult?
No financial impact, proceeds, or compensation details are provided in the excerpt. The filing is administrative, certifying compliance with delisting procedures without disclosing cash flows or holder settlements.
Where is Katapult Holdings' principal executive office listed in the filing?
The filing lists the principal executive office at 5204 Tennyson Parkway, Suite 500, Plano, TEXAS 75024 and provides telephone number 646-952-9822 as contact information in the Form 25 cover details.