Nasdaq files to delist JFB Construction Holdings' Class A common stock

What happened

On September 3, 2026, Nasdaq Stock Market LLC filed a Form 25 with the U.S. Securities and Exchange Commission to delist the Class A common stock of JFB Construction Holdings, a general building contractor for nonresidential buildings, headquartered in Lantana, Florida.

The filing states that Nasdaq has complied with its rules to strike the security from listing and registration. The form does not specify which delisting rule applies or the reason for the action.

Shares of JFB Construction Holdings closed at $4.945 on September 3, up 4.32% from the previous close, with trading volume of about 1.6 million shares, roughly four times its average volume.

The filing

The Form 25 was filed by Nasdaq, not by the company. It applies to JFB Construction Holdings' Class A common stock.

The form checks the box for Rule 17 CFR 240.12d2-2(b), which indicates that the exchange has complied with its rules to remove the security from listing and registration.

It does not check the box for Rule 17 CFR 240.12d2-2(c), which would indicate a voluntary withdrawal by the issuer.

The filing was signed by Tara Petta, AVP at Nasdaq, on September 3, 2026.

What this means

A Form 25 is the notification a national exchange files with the SEC to remove a security from listing and registration under Section 12(b) of the Securities Exchange Act of 1934. This is the formal step that ends a stock's listing on an exchange like Nasdaq.

The form is used for both involuntary delistings (where the exchange removes the company for not meeting listing standards) and voluntary delistings (where the company chooses to leave). Here, because Nasdaq filed it and the company did not check the issuer-request box, this appears to be an exchange-initiated delisting, but the filing does not state the specific reason.

Once delisted, the stock typically moves to the over-the-counter (OTC) market, where it may trade under a different symbol. The SEC filing does not indicate when trading on Nasdaq will cease or when OTC trading might begin.

JFB Construction Holdings is a construction company focused on nonresidential buildings, so this delisting action is about its stock listing status, not its business operations.