What is form 25-nse in a SPAC?

The exchange's notice removing a security from listing, which usually marks the end of a liquidation. Filed by the exchange rather than the company, a 25-NSE strikes the security from listing. Deregistration on Form 15 follows.

Filings

Form 25-NSE

The exchange's notice removing a security from listing, which usually marks the end of a liquidation.

Also written: form 25, delisting notice

Filed by the exchange rather than the company, a 25-NSE strikes the security from listing. Deregistration on Form 15 follows.

Seeing one for a SPAC that never announced a deal is the filing record's way of saying the trust went back to shareholders.

Related terms

Liquidation
Returning the trust to public shareholders when no combination closes in time.
Combination deadline
The date in the charter by which a combination must close, or the trust is returned.

See the term in the wild: the screener shows trust size, per-share value and deadlines for every U.S. SPAC, and each profile links to the filings the numbers came from.

Definitions describe market practice and are not investment, legal or tax advice.