Twin Hospitality files Form 25 to delist Class A stock

Twin Hospitality Group Inc. notifies removal of its Class A Common Stock from listing and registration on the Nasdaq Stock Market LLC via a Form 25 filing.

Rhea-AI Filing Summary

Twin Hospitality Group Inc. notifies removal of its Class A Common Stock from listing and registration on the Nasdaq Stock Market LLC via a Form 25 filing.

The filing states the Exchange and the issuer have complied with the rules governing voluntary withdrawal under 17 CFR 240.12d2-2.

Insights

Exchange Compliance Analyst

Form 25 documents a delisting action after mutual compliance steps.

The filing records that Nasdaq and the issuer completed the procedural requirements of 17 CFR 240.12d2-2 for striking the class of securities from listing and withdrawing registration. This is a regulatory‑process disclosure, not an operational performance report.

Timing shown in the excerpt includes an Expires: March 31, 2018 header. Subsequent filings will show the effective delisting date and any transfer or deregistration steps.

Key Terms

Form 25, Section 12(b), 17 CFR 240.12d2-2

3 terms

Form 25 regulatory

"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"

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.

Section 12(b) regulatory

"NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT"

Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.

17 CFR 240.12d2-2 regulatory

"Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules"

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.

FAQ

What does Twin Hospitality Group Inc. (TWNP) Form 25 filing mean?

It notifies that the company’s Class A Common Stock will be removed from Nasdaq. The filing states both Nasdaq and the issuer complied with 17 CFR 240.12d2-2 procedures governing voluntary withdrawal and striking the security from listing.

Who certified the removal of TWNP shares from Nasdaq?

Nasdaq Stock Market LLC certified the action and the filing was signed by Aravind Menon as Hearings Advisor. The excerpt states the Exchange has reasonable grounds to file Form 25 under the referenced rule.

Does the Form 25 excerpt state the effective delisting date for TWNP?

The provided excerpt does not state an effective delisting date. It includes an Expires: March 31, 2018 header but does not specify when the strike from listing becomes effective in this excerpt.

Does the Form 25 say whether Twin Hospitality will deregister under Section 12(b)?

The filing notifies withdrawal of listing and registration under Section 12(b) and cites compliance with 17 CFR 240.12d2-2. The excerpt does not include further details about subsequent SEC deregistration filings or steps.

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

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Accepted by SEC EDGAR 06/04/2026 - 09:53 AM 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

001-42395

Issuer:	Twin Hospitality Group 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:	5151 Belt Line Road, Suite 1200
	Dallas	TEXAS	75254
Telephone number:					(678) 227-3209

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

Class A 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.

2026-06-04	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.