Open Lending Corp (LPRO) set for Nasdaq delisting of common stock
Rhea-AI Filing Summary
Open Lending Corp is having its common stock removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b) of the Securities Exchange Act of 1934. Nasdaq filed Form 25 after stating it complied with its rules to strike this class of securities, and that the issuer complied with the exchange’s rules governing voluntary withdrawal.
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- Nasdaq delisting of common stock: Open Lending Corp’s common stock is being removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b) of the Exchange Act.
Filing Explained
This Form 25 records Nasdaq’s certification that it complied with its rules to strike Open Lending’s common stock from listing and withdraw its Section 12(b) registration. The issuer also complied with the applicable voluntary-withdrawal requirements; it is a removal filing, not confirmation in the document that the change is already effective.
Key Terms
Form 25, Section 12(b), voluntary withdrawal, strike the class of securities from listing
4 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.
Section 12(b) regulatory
"registration under Section 12(b) of the Securities Exchange Act of 1934"
Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.
voluntary withdrawal regulatory
"governing the voluntary withdrawal of the class of securities from listing"
strike the class of securities from listing regulatory
"the Exchange has complied with its rules to strike the class of securities from listing"
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FAQ
What does Open Lending Corp (LPRO) disclose in this Form 25?
It states that Open Lending Corp’s common stock is being removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b) of the Securities Exchange Act of 1934.
Which security of Open Lending Corp (LPRO) is affected by the Nasdaq action?
The action applies to Open Lending Corp’s common stock. Nasdaq indicates it has complied with its rules to strike this class of securities from listing and withdraw its registration on the exchange.
Under which legal authority is Open Lending Corp (LPRO) being delisted from Nasdaq?
The removal is made under Section 12(b) of the Securities Exchange Act of 1934 and related rules, including 17 CFR 240.12d2-2(b) and 17 CFR 240.12d2-2(c), governing delisting and withdrawal of registration.
Who is certifying the Nasdaq delisting of Open Lending Corp (LPRO)?
The Nasdaq Stock Market LLC certifies it has reasonable grounds to believe it meets all requirements for filing Form 25 and has the notification signed on its behalf by Tara Petta, AVP, as a duly authorized person.
Does the Form 25 for Open Lending Corp (LPRO) reference voluntary withdrawal by the issuer?
Yes. It notes that, under 17 CFR 240.12d2-2(c), the issuer has complied with the exchange’s rules and the requirements governing the voluntary withdrawal of the class of securities from listing and registration.