LNW submits Form 25 for Nasdaq delisting under Section 12(b)

Rhea-AI Filing Summary

Light & Wonder, Inc. filed a Form 25 to remove its common stock from listing and/or registration under Section 12(b) on The Nasdaq Stock Market LLC. The security is described as common stock with a par value of $0.001 per share. The notification was signed by James Sottile, Executive Vice President and Chief Legal Officer, dated November 3, 2025.

Positive

• None.

Negative

• Delisting action: Form 25 filed to remove LNW common stock from Nasdaq under Section 12(b).

Insights

Market structure & securities regulation analyst

Form 25 signals removal of LNW common stock from Nasdaq under Section 12(b).

The company submitted a formal notice (Form 25) to remove its common stock from listing and/or registration on The Nasdaq Stock Market LLC pursuant to Section 12(b). This is the standard mechanism exchanges and issuers use to effect a delisting or deregistration under the Exchange Act.

The filing lists the affected class as common stock, par value $0.001 per share, and is executed by the company’s Chief Legal Officer on November 3, 2025. Specific timing, next trading venue, or subsequent regulatory steps are not included in the excerpt. Actual market impact will depend on subsequent processes and disclosures.

UNITED STATES

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: 001-11693 

LIGHT & WONDER, INC.

The Nasdaq Stock Market LLC

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

6601 Bermuda Road

Las Vegas, NV 89119

(702) 897-7150 

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

Common Stock, par value $0.001 per share

(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.

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

Pursuant to the requirements of the Securities Exchange Act of 1934, Light & Wonder, Inc. 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.

	LIGHT & WONDER, INC.
DATE: November 3, 2025	By:	/s/ James Sottile
		James Sottile
		Executive Vice President, Chief Legal Officer

FAQ

What did Light & Wonder (LNW) file?

A Form 25 notifying removal of its common stock from listing and/or registration under Section 12(b).

Which exchange is affected for LNW?

The filing pertains to The Nasdaq Stock Market LLC.

Which class of LNW securities is involved?

Common Stock, par value $0.001 per share.

Who signed the Form 25 for LNW?

James Sottile, Executive Vice President and Chief Legal Officer.

What is the date on the Form 25?

The notification is dated November 3, 2025.

What statute governs the removal?

Removal is noticed under Section 12(b) of the Securities Exchange Act of 1934.