Nasdaq Files Form 25 to Remove NV5 Global Stock from Listing
Rhea-AI Filing Summary
NV5 Global, Inc. (ticker: NVEE) has filed a Form 25 with the SEC, notifying removal of its common stock from listing and/or registration on the Nasdaq Stock Market LLC under Section 12(b) of the Securities Exchange Act of 1934 (File No. 001-35849). The filing, signed by Nasdaq AVP Tara Petta on 2025-08-04, states that Nasdaq believes it meets all requirements for submitting the notice. Form 25 is the formal step a national exchange must take to strike a security from its rolls; upon effectiveness, the company’s shares will no longer be listed or registered on Nasdaq.
Positive
- None.
Negative
- Nasdaq has initiated Form 25 delisting, ending NVEE's listing and registration on a national exchange, which typically reduces liquidity and investor visibility.
Insights
TL;DR – Nasdaq filed Form 25 to delist NVEE; loss of national-exchange listing is materially negative for liquidity and visibility.
This Form 25 confirms that Nasdaq, not the issuer, initiated the removal of NV5 Global’s common stock from listing and registration. Once the SEC processes the notice, NVEE shares will no longer trade on Nasdaq and the Section 12(b) registration will be terminated, constraining trading liquidity and potentially pushing the shares to OTC venues. The filing does not disclose the underlying cause—e.g., listing-rule deficiency or corporate action—so investors lack context on permanence or remediation. Still, delisting from a major exchange typically reduces investor access, may limit institutional ownership, and can widen bid-ask spreads, weighing on valuation.