Third Coast Bancshares (TCBX) starts Nasdaq removal for its common stock
Rhea-AI Filing Summary
Third Coast Bancshares, Inc. filed a Form 25 to notify regulators of the planned removal of its common stock, par value $1.00 per share, from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934 on The Nasdaq Stock Market LLC. The notification is signed on behalf of the company by its Chief Financial Officer, R. John McWhorter.
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- None.
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- Initiation of delisting/deregistration process from Nasdaq for Third Coast Bancshares, Inc. common stock under Section 12(b) of the Exchange Act, which can reduce trading visibility and may affect liquidity relative to a national exchange listing.
Insights
Third Coast Bancshares begins process to remove its Nasdaq listing.
Third Coast Bancshares, Inc. has submitted a Form 25 for its common stock on The Nasdaq Stock Market LLC under Section 12(b) of the Exchange Act. This filing is the formal mechanism to begin delisting or deregistering a security from a national exchange.
The move affects the company’s common stock, which has a par value of $1.00 per share. The notification is executed by the Chief Financial Officer, indicating board‑level authorization consistent with exchange and securities law procedures.
For investors, removal of listing and/or registration typically changes how and where shares can trade and how information is reported, though specific future trading arrangements are not described in this excerpt. Subsequent company communications and regulatory records would provide further detail on next steps and timing.