Nasdaq files to delist LivePerson common stock
Nasdaq filed a Form 25 with the SEC to remove LivePerson Inc.'s common stock from listing and registration, effective Sept. 4, 2026.
What happened
On Sept. 4, 2026, the Nasdaq Stock Market filed a Form 25 with the U.S. Securities and Exchange Commission to strike LivePerson Inc.'s common stock from listing and registration on the exchange. The filing cites the exchange's rules and Section 12(b) of the Securities Exchange Act of 1934.
LivePerson, based in New York, develops conversational AI and messaging software for enterprise customer engagement. Its stock closed at $3.10 on the filing date, unchanged from the prior close.
The Form 25 does not state why the delisting occurred. It indicates the exchange has complied with its rules to remove the security, but does not specify whether the move was voluntary or initiated by Nasdaq for non-compliance.
The filing
The filing is a Form 25, officially titled "Notification of Removal from Listing and/or Registration." It is the standard document used to remove a security from a national exchange, and it can be filed by the exchange or the company.
The form does not identify a specific rule violation or reason for the delisting. It simply certifies that the exchange has reasonable grounds to believe it meets the requirements for filing.
No future listing venue is mentioned. The filing leaves open what happens next for LivePerson's stock, such as whether it will trade over-the-counter.
What this means
A Form 25 is the procedural step that ends a stock's listing on an exchange. Once filed, the security is removed from Nasdaq, and the company's registration under Section 12(b) is terminated — meaning it no longer has the same reporting obligations tied to a national exchange listing.
For investors, delisting typically means shares lose the liquidity and visibility of a major exchange. Trading may continue on over-the-counter markets, but that often comes with wider spreads and less regulatory oversight. The filing itself does not explain why Nasdaq took this action, and the company has not yet issued a public statement in these documents.
The stock price of $3.10 is well below typical Nasdaq minimum bid requirements, but the form does not confirm that as the cause. Without further disclosure, the specific trigger remains unknown.
Sources
- 25-NSE filed 2026-09-04
- Daily price history
Information summarized by AI from the sources listed above. May contain errors — informational only, not investment advice.