NCS Multistage stock delists from Nasdaq

NCS Multistage Holdings, Inc. (NCSM) had 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.

Rhea-AI Filing Summary

NCS Multistage Holdings, Inc. (NCSM) had 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 certified it complied with its rules, and the issuer complied with exchange rules for a voluntary withdrawal under 17 CFR 240.12d2-2(c).

Positive

• None.

Negative

• NCS Multistage Holdings, Inc. common stock was removed from listing and registration on Nasdaq under Section 12(b), following a voluntary withdrawal process.

Filing Explained

This Form 25 records Nasdaq’s certification that it complied with its rules to strike NCS Multistage’s common stock from listing and withdraw its registration, while the issuer reports compliance with the voluntary-withdrawal requirements. The filing documents that process and compliance, but does not state an effective removal date.

Key Terms

Form 25, Section 12(b), voluntary withdrawal, 17 CFR 240.12d2-2

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"

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"

17 CFR 240.12d2-2 regulatory

"Please 12d2-2(a)(1) 17 CFR 240.12d2-2(a)(2)"

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.

FAQ

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

What does the Form 25 filing mean for NCS Multistage Holdings, Inc. (NCSM)?

The Form 25 states that NCS Multistage Holdings, Inc.’s common stock has been removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b) of the Exchange Act, following compliance with applicable Nasdaq and SEC rules.

Is the delisting of NCSM described as voluntary in this Form 25?

Yes. The filing states that the issuer has complied with exchange rules and the requirements of 17 CFR 240.12d2-2(c), which governs the voluntary withdrawal of a class of securities from listing and registration.

Which securities of NCS Multistage Holdings, Inc. are affected by this Form 25?

The Form 25 covers the company’s common stock, which is identified as the class of securities being removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b).

Who filed the Form 25 related to NCSM’s Nasdaq listing?

The notification was filed by the Nasdaq Stock Market LLC, which certified it had reasonable grounds to believe it met all requirements for filing Form 25 and signed the notice through Tara Petta, AVP.

Which SEC rule sections govern the NCSM delisting described in this Form 25?

The removal from listing and registration references Section 12(b) of the Exchange Act and SEC rules 17 CFR 240.12d2-2(b) and 17 CFR 240.12d2-2(c), which address exchange-initiated and voluntary withdrawal of securities.

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

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Available on EDGAR 09/01/2026 - 09:28 AM EDT Accepted by SEC EDGAR 09/01/2026 - 09:26 AM EDT Learn about SEC filing dates

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

001-38071

Issuer:	NCS Multistage Holdings, 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:	19450 State Highway 249, Suite 200
	Houston	TEXAS	77070
Telephone number:					(281) 453-2234

(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.

2026-09-01	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.