First Seacoast Bancorp’s Nasdaq listing removed via Form 25
Nasdaq filed a Form 25 on Oct 1 2026 to delist First Seacoast Bancorp’s common stock, with no reason disclosed in the filing.
What happened
On October 1 2026 Nasdaq Stock Market LLC filed a Form 25‑NSE with the SEC to remove First Seacoast Bancorp, Inc.’s common stock (par value $0.01 per share) from its listing and registration (SEC filing, 2026‑10‑01).
The filing cites Nasdaq’s compliance with the rules under 17 CFR 240.12d2‑2(a)(1) through (a)(4) and indicates that the exchange has “reasonable grounds” to believe the filing meets the requirements of the Securities Exchange Act of 1934.
The form states that the issuer has complied with Nasdaq’s rules and the applicable SEC regulations governing a voluntary withdrawal of the securities from listing and registration.
What this means
Form 25 is the mechanism by which an exchange or an issuer notifies the SEC that a security is being removed from an exchange’s listing and its registration under the Securities Exchange Act is being withdrawn. The exchange files the form when it determines that the security no longer meets listing standards or when the issuer requests removal.
When a Form 25 is accepted, the affected shares cease to trade on the exchange—in this case Nasdaq. The shares may continue to be quoted and traded on an over‑the‑counter (OTC) market, but they lose the visibility and liquidity that come with a Nasdaq listing.
The filing does not disclose the specific reason for the delisting. Nasdaq’s rules allow removal for a variety of reasons, such as failure to meet minimum price or market‑value thresholds, filing deficiencies, or a voluntary decision by the company. Without additional information from the company or Nasdaq, the exact cause cannot be determined from the filing alone.
Sources
- 25-NSE filed 2026-10-01
- Daily price history
Information summarized by AI from the sources listed above. May contain errors — informational only, not investment advice.