TPI Composites (TPICQ) Delisting Notice Filed by Nasdaq

Rhea-AI Filing Summary

TPI Composites, Inc. (symbol provided as TPICQ) is the subject of a Form 25 filed by Nasdaq Stock Market LLC to remove the companys securities from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934. The filing identifies Nasdaq as the exchanging authority and cites the applicable rule provisions for striking the class of securities. The form certifies Nasdaqs compliance with procedural requirements for withdrawal.

Positive

• Procedural compliance is asserted by Nasdaq, indicating the exchange followed its stated rule process to file Form 25

Negative

• Removal from listing/registration is being processed for TPI Composites, Inc., a materially adverse corporate action for holders of the listed securities
• Filing lacks key execution details such as signature, effective date, and which specific 12d2-2 paragraph was checked, limiting clarity for investors

Insights

Financial Analyst

TL;DR Nasdaq submitted a Form 25 to delist TPI Composites securities, a materially negative corporate action for public investors.

The filing indicates Nasdaq Stock Market LLC initiated or certified removal of the issuers securities from listing and/or registration under Section 12(b). The document lists the issuer as TPI COMPOSITES, INC and the exchange as Nasdaq Stock Market LLC and cites the relevant 17 CFR rule provisions for striking the class of securities. No financial results, dates of effectiveness, or signatures are provided in the text supplied.

Corporate Governance Expert

TL;DR Form 25 shows an exchange-level action to withdraw listing; procedural compliance is asserted but substantive details are absent.

The notice confirms Nasdaq asserts it has complied with rule procedures for withdrawal under 17 CFR provisions and references voluntary-withdrawal language. The filing names the issuer and exchange but omits execution details, effective dates, or the specific rule paragraph checked. Investors should note the document is a formal delisting/withdrawal notice without explanatory detail.

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

001-37839

Issuer:	TPI COMPOSITES, 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:	8501 N. Scottsdale Rd.
	Gainey Center II, Suite 100
	Scottsdale	ARIZONA	85253
Telephone number:					(480) 305-8923

(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.

2025-09-18	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.

FAQ

What does the Form 25 filed for TPI Composites, Inc. (TPICQ) state?

The filing is a Form 25 notification by Nasdaq Stock Market LLC stating it is removing the issuers securities from listing and/or registration under Section 12(b) and citing applicable 17 CFR rule provisions.

Which exchange filed the Form 25 for TPICQ?

Nasdaq Stock Market LLC is listed as the exchange that filed the Form 25 notification.

Does the provided Form 25 include an effective date or signature?

No. The supplied content does not include an effective date, signature, or completed signatory block.

Which regulatory provisions are referenced in the Form 25 for TPICQ?

The filing references provisions under 17 CFR 240.12d2-2 (including 12d2-2(a)(1)-(4)) and notes compliance with 17 CFR 240.12d2-2(b) and 12d2-2(c).

Does the Form 25 indicate whether the withdrawal was voluntary or involuntary?

The filing text includes language for both exchange-initiated and issuer-complied withdrawal procedures but does not explicitly state which path applies in this submission.