ON24 Inc. (ONTF) delists common stock from NYSE in Form 25 filing
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
ON24 Inc. notified the New York Stock Exchange that its Common Stock will be removed from listing and/or registration under Section 12(b) via a Form 25 submission. The Exchange certified compliance with Rule 12d2-2 and the issuer attested to following the Exchange's voluntary withdrawal procedures.
Positive
- None.
Negative
- None.
Key Terms
Form 25, Section 12(b), 17 CFR 240.12d2-2
3 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING"
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.
Section 12(b) regulatory
"REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b)"
Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied"
A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.
FAQ
Why did ONTF file a Form 25 to remove listing on NYSE?
The Form 25 reports a voluntary withdrawal of ON24 Inc.'s common stock from NYSE listing. The filing states the issuer and Exchange complied with 17 CFR 240.12d2-2 procedures governing voluntary withdrawal and striking a class from listing.
Will ONTF remain subject to SEC reporting after Form 25?
The Form 25 addresses Exchange listing removal, not SEC reporting obligations. Removal from an exchange does not automatically terminate periodic SEC reporting duties; those obligations depend on separate SEC rules and issuer decisions.
Who certified the delisting action in the ONTF Form 25?
The New York Stock Exchange LLC certified the removal and compliance with Rule 12d2-2. The Form 25 was signed on the Exchange's behalf by Tyler Mastronardi, Analyst, Market Watch, per the filing excerpt.