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As of April 30, 2025, several companies have been delisted from the Nasdaq Stock Market. It’s important to note that a company’s securities might be suspended before the actual delisting occurs. Here’s a breakdown of companies that have been delisted or have announced their intention to be delisted in 2025:
Recently Delisted (Announced on April 30, 2025):
* Alpine 4 Holdings, Inc. (ALPP): Class A common stock was suspended on October 18, 2024.
* Orgenesis Inc. (ORGS): Common stock was suspended in late 2024.
* ShiftPixy, Inc. (PIXY): Common stock was suspended on October 28, 2024.
* Novo Integrated Sciences, Inc. (NVOS): Common stock was suspended in late 2024.
* Mountain & Co. I Acquisition Corp. (MCAA): Common stock, rights, units were suspended in late 2024.
* Exela Technologies, Inc. (XELA): Common stock, preferred stock, warrants were suspended in late 2024.
* Finnovate Acquisition Corp. (FNVT): Common stock, rights, units were suspended in late 2024.
* Mondee Holdings Inc. (MOND): Common stock was suspended in late 2024.
* TLGY Acquisition Corporation (TLGY): Ordinary shares, rights, units were suspended in late 2024.
* Target Global Acquisition I Corp. (TGAA): Class A ordinary shares, warrants, units were suspended on December 17, 2024.
* Inception Growth Acquisition Limited (IGAC): Ordinary shares, rights, units were suspended in late 2024.
* Healthcare AI Acquisition Corp. (HAIA): Class A ordinary shares, warrants, units were suspended in late 2024.
* Globalink Investment Inc. (GLIN): Common stock, warrants, rights, units were suspended on December 17, 2024.
* BurTech Acquisition Corp. (BRKH): Common stock, rights, units were suspended in late 2024.
* Pearl Holdings Acquisition Corp (PRLH): Ordinary shares, rights, units were suspended in late 2024.
* Alpha Star Acquisition Corp. (ALSA): Common stock, rights, units were suspended in late 2024.
* FTAC Emerald Acquisition Corp. (EMER): Unit was suspended on December 24, 2024.
* Molecular Templates, Inc. (MTEM): Common stock was suspended in late 2024.
Other Delistings and Announcements in 2025 (as of late April 2025):
* Patria Latin American Opportunity Acquisition Corp. (PLAO): Class A Ordinary Shares, unit, and warrant were delisted. The Class A ordinary shares were suspended on March 19, 2025.
* Trevena, Inc. (TRVN): Common stock was delisted.
* Seelos Therapeutics, Inc. (SEEL): Common stock was delisted.
* DP Cap Acquisition Corp I (DPCS): Class A Ordinary Shares, units, and warrants were delisted.
* Chain Bridge I (CBAI): Class A Ordinary Shares and units were delisted.
* Qomolangma Acquisition Corp. (QOMO): Common stock, unit, warrant, and right were delisted.
* Gaucho Group Holdings, Inc. (VINO): Common stock was delisted.
* Mountain Crest Acquisition Corp V (MCAG): Common stock, right, unit were delisted.
* bleuacacia ltd (BAAC): Class A ordinary shares, unit, warrant, right were delisted.
* Nikola Corporation (NKLA): Announced its intention to voluntarily delist its securities from Nasdaq and deregister with the SEC. Nasdaq had previously suspended trading of Nikola’s common stock on February 26, 2025. The Form 25 was expected to be filed on or around April 3, 2025.
* Hyzon Motors Inc. (HYZN): Announced its intent to delist from Nasdaq. Trading of its Common Stock and Warrants was suspended on January 30, 2025. The company expected to file a Form 25 on or about March 4, 2025.
* Procaps Group, S.A. (PROCW): Warrants were suspended on February 4, 2025, due to regulatory/non-compliance.
* QT Imaging Holdings, Inc. (QTI): Common stock was suspended on January 28, 2025, due to regulatory/non-compliance.
* SPI Energy Co., Ltd. (SPI): Common stock was suspended on January 15, 2025, due to regulatory/non-compliance.
* SRIVARU Holding Limited (SVMH, SVMHW): Common stock and warrants were suspended on January 22, 2025, due to regulatory/non-compliance.
* Staffing 360 Solutions, Inc. (STAF): Common stock was suspended on February 13, 2025, due to regulatory/non-compliance.
* Stryve Foods, Inc. (SNAX, SNAXW): Common stock and warrants were suspended on February 6, 2025, due to regulatory/non-compliance.
* T2 Biosystems, Inc. (TTOO): Common stock was suspended on February 12, 2025, due to regulatory/non-compliance.
* TC BioPharm (Holdings) plc (TCBP, TCBPW): Common stock and warrants were suspended on March 24, 2025, due to regulatory/non-compliance.
* Syra Health Corp. (SYRA): Common stock was suspended on April 21, 2025, due to company choice/regulatory matter pending.
Reasons for Delisting:
Companies can be delisted for various reasons, including:
* Failure to meet minimum listing requirements: This often involves the minimum bid price of $1.00 per share, minimum market capitalization, or minimum stockholders’ equity. Nasdaq has become more stringent on these requirements.
* Regulatory or non-compliance issues: Failure to file required financial reports or other regulatory issues can lead to delisting.
* Voluntary delisting: Companies may choose to delist due to mergers, acquisitions, going private, or strategic shifts.
* Bankruptcy: Filing for bankruptcy can also result in delisting.
Nasdaq’s Delisting Process:
When a company fails to meet Nasdaq’s listing standards, Nasdaq typically issues a deficiency notice. The company is then given a period to regain compliance. Recent rule changes have accelerated the delisting process in certain situations, especially for companies that have performed a reverse stock split within the past year to regain compliance with the minimum bid price rule and subsequently fall out of compliance again.
If a company does not regain compliance within the specified timeframe, Nasdaq will issue a delisting letter. The company can request a hearing to appeal this decision, which can temporarily halt the delisting process. However, if the appeal is unsuccessful, the company’s stock is delisted from Nasdaq, and it may trade on the over-the-counter (OTC) market.
For the most up-to-date information, you can refer to the “Issues Pending Suspension or Delisting” and “Noncompliant Companies” sections on the Nasdaq website. The SEC’s website also provides information through Form 25 filings, which are notifications of removal from listing.

Video courtesy of Interactive Brokers

Video courtesy of Interactive Brokers