[25-NSE] Star Equity Holdings, Inc. Series A Cumulative Perpetual Preferred Stock SEC Filing

Rhea-AI Filing Summary

Nasdaq Stock Market LLC submitted a Form 25 notification to remove the listed securities of STAR EQUITY HOLDINGS, INC. (symbol STRRP) from Nasdaq. The filing identifies the issuer and exchange and cites the Exchange's reliance on the delisting/withdrawal rules in 17 CFR 240.12d2-2 and related provisions. The filing text states the Exchange certifies it has reasonable grounds and that the Form 25 will be treated as compliance with applicable rules.

The provided document does not include a completed signature block, a dated signature, or a detailed description of the class of securities beyond the filing title. Those missing fields limit the procedural completeness of the copy supplied.

Positive

• Exchange certification: Nasdaq states it has reasonable grounds and certifies compliance with applicable delisting rules (17 CFR 240.12d2-2).
• Formal notice filed: A Form 25 was prepared, which is the required mechanism to effect removal from listing and registration.

Negative

• Delisting/withdrawal: The filing notifies the removal of STAR EQUITY HOLDINGS, INC.'s listed class from Nasdaq, which materially affects holders of that class.
• Incomplete execution details: The provided document shows a blank signature/date block and does not show which rule provision box was selected or a detailed class description in the body.

Insights

Securities Analyst

TL;DR: Form 25 indicates Nasdaq seeks removal of STRRP from listing, a materially adverse corporate action for holders of the listed class.

The filing plainly notifies the Exchange's intent to strike STAR EQUITY HOLDINGS, INC.'s listed class from Nasdaq and cites 17 CFR 240.12d2-2 provisions. For investors and market participants, a Form 25 is the formal notice that a security will no longer trade on the exchange, which can reduce liquidity and alter market access for holders of the class. The document supplied, however, lacks a completed signature/date block and a detailed class description within the body, which are normally required parts of a finalized submission.

Corporate Governance Expert

TL;DR: The Exchange certifies compliance with delisting procedures but the provided copy omits the execution details that complete the notice.

The Form 25 text references compliance with 17 CFR 240.12d2-2(b) and 240.12d2-2(c), indicating either an exchange-initiated or issuer-initiated delisting pathway per the cited rules. The notice states the Exchange believes it meets filing requirements and will treat the filing as satisfying Rule 19d-1 as applicable. Crucially, the supplied content shows an empty signature/date block and no explicit selection of which rule provision box was marked; those omissions mean the record here is incomplete for confirming procedural closure.

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

001-35947

Issuer:	STAR EQUITY 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:	13950 Stowe Drive
	Poway	CALIFORNIA	92064-8803
Telephone number:					+1 858 726-1600

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

Common Stock, Series A Cumulative Perpetual Preferred 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.

2025-08-22	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.

FAQ

What action does this Form 25 take for STAR EQUITY HOLDINGS, INC. (STRRP)?

This Form 25 notifies the removal of the issuer's class of securities from listing and/or registration on Nasdaq Stock Market LLC.

Which regulations does the filing cite for the delisting?

The filing cites 17 CFR 240.12d2-2 and references treatment under Rule 19d-1 as applicable.

Is the Exchange asserting compliance with delisting procedures?

Yes; the text states Nasdaq certifies it has reasonable grounds and has complied with its rules to file Form 25.

Does the provided document include an authorized signature and date?

No; the supplied copy shows an empty signature/date block and no executed signature is present.

Does the filing specify details about the class of securities being removed?

The title indicates the filing concerns the issuer's listed class (Series A Cumulative Perpetual Preferred Stock per the title), but the body does not include a detailed description beyond the header.