STOCK TITAN

FTAI Aviation (NASDAQ: FTAI) withdraws 8.25% Series C preferred listing

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
25-NSE

Rhea-AI Filing Summary

FTAI Aviation Ltd. is notifying the removal of its 8.25% Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares from the Nasdaq Stock Market. The filing states the removal follows Nasdaq rules and the issuer's compliance with the procedures governing a voluntary withdrawal of the class from listing and registration.

The notification is executed by Nasdaq on behalf of the exchange and signed by an authorized officer; the exchange certifies it has reasonable grounds for the Form 25 filing. No offering amounts, proceeds, or other financing terms are included in the excerpt provided.

Positive

  • None.

Negative

  • None.

Insights

Nasdaq and the issuer completed a voluntary delisting process for a Series C preferred class.

Nasdaq's Form 25 filing identifies the class as 8.25% Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares and cites compliance with rule 12d2-2 procedures. The exchange certifies it has reasonable grounds to file.

Timing and post-delisting trading mechanics are not described in the excerpt; subsequent disclosures or exchange notices would show the effective delisting date and any plan for remaining holders.

The filing documents a procedural, voluntary withdrawal rather than a regulatory enforcement action.

The text states the issuer and exchange each "complied with" the rules governing voluntary withdrawal under 17 CFR 240.12d2-2(c). That language frames this as an administrative delisting process where procedural requirements were met.

Legal consequences for holders (redemption mechanics, conversion rights) are not provided in this excerpt; governance documents and the certificate of designation govern those rights and may be referenced in separate filings.

Security class 8.25% Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares identified in Form 25 as the class being removed
Commission File Number 001-37386 file number shown on the Form 25 cover
Exchange Nasdaq Stock Market LLC exchange certifying the Form 25 filing
Issuer principal office 405 West 13th Street, 3rd Floor, New York, NY 10014 address listed for FTAI Aviation Ltd.
Contact phone (332) 239-7600 telephone number listed in the filing
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
voluntary withdrawal regulatory
"issuer has complied with the rules . . . governing the voluntary withdrawal"
redeemable preferred shares financial
"Perpetual Redeemable Preferred Shares"
A redeemable preferred share is a type of stock that pays regular, usually fixed, dividends and that the issuing company has the right to buy back at a preset price or after a certain date. Think of it like a loan that pays steady interest but can be repaid early by the borrower; it matters to investors because it offers higher income and priority over common shares in payouts, but limits upside potential and carries the risk of being called away.
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UNITED STATES
OMB APPROVAL
OMB Number: 3235-0080
Expires: March 31, 2018
Estimated average burden
hours per response: 1.7
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 25
NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.
Commission File Number 001-37386
Issuer: FTAI Aviation Ltd.
Exchange: Nasdaq Stock Market LLC
(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)
Address: 405 West 13th Street,
3rd Floor
New York NEW YORK 10014
Telephone number: (332) 239-7600
(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)
8.25% Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares
(Description of class of securities)
Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:
17 CFR 240.12d2-2(a)(1)
17 CFR 240.12d2-2(a)(2)
17 CFR 240.12d2-2(a)(3)
17 CFR 240.12d2-2(a)(4)
Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. 1
Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.
Pursuant to the requirements fo the Securities Exchange Act of 1934, Nasdaq Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.
2026-06-12 By Tara Petta AVP
Date Name Title
1 Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did FTAI (FTAI) file with the SEC?

FTAI filed a Form 25 notifying removal of its 8.25% Series C preferred shares from Nasdaq. The filing states the exchange and issuer complied with the procedural rules for a voluntary withdrawal under 17 CFR 240.12d2-2.

Which class of securities is being removed for FTAI (FTAI)?

The filing identifies the class as 8.25% Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares. The excerpt lists that class as the security subject to removal from Nasdaq listing and registration.

Does the Form 25 say whether the withdrawal was voluntary for FTAI (FTAI)?

Yes. The filing uses language that the issuer "has complied with the rules . . . governing the voluntary withdrawal" under 17 CFR 240.12d2-2(c), indicating the withdrawal is presented as voluntary in this excerpt.

Who executed the Form 25 filing for FTAI (FTAI)?

Nasdaq Stock Market LLC certified the Form 25 and the excerpt shows the notification is signed on its behalf by an authorized representative, identified in the filing as Tara Petta, AVP.

Does the Form 25 disclose an effective delisting date or holder remedies?

The provided excerpt does not state an effective delisting date or detail holder remedies. The text certifies procedural compliance; further exchange notices or company filings would be needed for timing and redemption mechanics.