Nasdaq Files Form 25 to Delist Tian Ruixiang Class A

Tian Ruixiang Holdings Ltd: Nasdaq has submitted a Form 25 to remove and withdraw the listing and registration of the Class A Ordinary Shares for Tian Ruixiang Holdings Ltd (Commission File Number 001-39925).

Rhea-AI Filing Summary

Tian Ruixiang Holdings Ltd: Nasdaq has submitted a Form 25 to remove and withdraw the listing and registration of the Class A Ordinary Shares for Tian Ruixiang Holdings Ltd (Commission File Number 001-39925). The filing certifies that Nasdaq complied with the exchange rules under 17 CFR 240.12d2-2 and that the issuer complied with the exchange's voluntary-withdrawal requirements.

Insights

Exchange Compliance Analyst

Nasdaq filed Form 25 to delist Tian Ruixiang’s Class A shares under 17 CFR 240.12d2-2.

Nasdaq's notification certifies procedural compliance with the rules governing removal from listing and voluntary withdrawal. The filing references the specific regulatory sections used for striking the class of securities from the exchange.

Timing and any subsequent market consequences are not stated in the excerpt; subsequent filings or market notices would give the effective delisting date and any transfer processes.

Key Figures

Commission File Number: 001-39925 Rule cited: 17 CFR 240.12d2-2 Form expiry reference: March 31, 2018

3 metrics

Commission File Number 001-39925 Form 25 cover

Rule cited 17 CFR 240.12d2-2 Delisting/withdrawal authority

Form expiry reference March 31, 2018 header expiry line

Key Terms

Form 25, 17 CFR 240.12d2-2, withdrawal of registration

3 terms

Form 25 regulatory

"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING"

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.

17 CFR 240.12d2-2 regulatory

"Pursuant to 17 CFR 240.12d2-2(b)"

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.

withdrawal of registration regulatory

"voluntary withdrawal of the class of securities from listing and registration"

FAQ

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

What does Tian Ruixiang Holdings' Form 25 filing mean for TIRXF listing status?

It notifies that Nasdaq submitted a Form 25 to remove the Class A Ordinary Shares from listing and registration, citing 17 CFR 240.12d2-2. The filing confirms procedural compliance by Nasdaq and the issuer.

Which regulatory rule does the Form 25 cite in Tian Ruixiang's delisting?

The filing cites 17 CFR 240.12d2-2, including subsections (a)(1)–(4) and (b)/(c), as the authority for striking the class of securities from Nasdaq's listing and for voluntary withdrawal.

Who signed the Form 25 on behalf of Nasdaq for TIRXF?

Aravind Menon, listed as a Hearings Advisor, signed the notification certifying Nasdaq's reasonable grounds to file Form 25 on behalf of the exchange.

Does the Form 25 filing state an effective delisting date for TIRXF?

The provided excerpt does not state an effective delisting date. The filing certifies compliance with delisting procedures but does not include the timing of removal in the excerpt.

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

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Accepted by SEC EDGAR 06/26/2026 - 12:32 PM EDT Learn about SEC filing dates

UNITED STATES

OMB APPROVAL

OMB Number:			3235-0080
Expires:	March 31, 2018
Estimated average burden
hours per response:			1.7

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

001-39925

Issuer:	TIAN RUIXIANG HOLDINGS LTD
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:	21A Jingyuan Art Center
	3 Guangqu Road Chaoyang District
	Beijing	CHINA	00000
Telephone number:					(010) 87529554

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

Class A Ordinary Shares

(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.

2026-06-26	By	Aravind Menon		Hearings Advisor
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.