Nasdaq Files Form 25 to Delist Bowman Consulting Common Stock

What happened

Nasdaq Stock Market LLC filed a Form 25 with the Securities and Exchange Commission on Nov. 6, 2026, notifying the agency that it is removing Bowman Consulting Group Ltd.'s common stock from listing and from registration under Section 12(b) of the Securities Exchange Act of 1934, according to the filing.

The filing lists Bowman Consulting Group as the issuer, with principal executive offices at 12355 Sunrise Valley Drive, Suite 520, Reston, Virginia. The security covered by the notice is common stock.

The filing does not state why the shares are being delisted. It checks the box for Rule 12d2-2(b), under which the exchange certifies it has followed its own rules to strike the class of securities from listing and withdraw registration. The form contains no explanation of the circumstances behind the removal.

What Bowman Consulting does

Bowman Consulting Group is a management consulting firm in the services sector, according to the company classification in the event data. Its securities traded on Nasdaq under the ticker BWMN.

What this means

A Form 25 is the formal notification that a security is being removed from an exchange's listing and from registration with the SEC. Either the company or the exchange can file it. In this case Nasdaq filed it, signing through Katelin Rowe, a CDO analyst, and certifying that it had reasonable grounds to believe it met the requirements for the filing.

This matters because it concerns common stock, not debt. A Form 25 covering notes or bonds that are maturing is a routine repayment and not a delisting story, but a Form 25 for common stock means the shares themselves are leaving the exchange. The filing cites Rule 12d2-2(b), one of several provisions on the form that describe the procedural route by which a class of securities is struck from listing.

The SEC filing date is Nov. 6, 2026, the same day the notice was signed. The form itself does not say what happens to shareholders or where, if anywhere, the stock will trade afterward; that would have to come from the company or a separate filing. The notice also does not give a reason for the removal, and the price data provided shows the stock closing at $43, unchanged from the prior close, on the event date.