The delisting under Rule 12d2-2(a)(3) suggests a full redemption or retirement of the Series A Common Stock. Monitor for a related 8-K or press release detailing the redemption terms, any cash consideration, and the impact on remaining equity classes.
Price Chart
Executive Summary
Nasdaq filed a Form 25-NSE to remove Warner Bros. Discovery's Series A Common Stock from listing and registration, citing SEC Rule 12d2-2(a)(3) for matured, redeemed, or retired securities. The filing is effective October 6, 2026, and indicates the security has been fully redeemed or retired, not a going-private or bankruptcy event.
Key Facts
- Nasdaq Stock Market LLC filed Form 25-NSE to delist Warner Bros. Discovery Series A Common Stock under Rule 12d2-2(a)(3).
- The rule applies to securities that have been matured, redeemed, or retired.
- Effectiveness date is October 6, 2026.
- No financial details, redemption price, or reason for retirement are provided in the filing.
Financial Impact
No financial figures disclosed; the filing confirms the Series A Common Stock has been redeemed or retired, but no dollar amounts are available.
Risk Factors
- Lack of disclosed redemption terms creates uncertainty about the capital structure impact.
- Potential for adverse tax or accounting implications for remaining shareholders.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0001354457-26-000951 |
| Document: 0001354457-26-000951-index-headers.html | 0001354457-26-000951 |
| Document: 0001354457-26-000951-index.html | 0001354457-26-000951 |
| Document: 0001354457-26-000951.txt | 0001354457-26-000951 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | 15-15D | — | awaiting T+60 | — | — |
Oct 8, 2026 19d ago | EFFECT | $30.98 | awaiting T+60 | — | — |
Oct 8, 2026 19d ago | EFFECT | $30.98 | awaiting T+60 | — | — |
Oct 8, 2026 19d ago | EFFECT | $30.98 | awaiting T+60 | — | — |
Oct 8, 2026 19d ago | EFFECT | $30.98 | awaiting T+60 | — | — |
Oct 6, 2026 21d ago | 8-K | $30.98 | awaiting T+60 | — | — |
Oct 6, 2026 21d ago | 25-NSE | $30.98 | awaiting T+60 | — | — |
Sep 25, 2026 4w ago | Press Release | $30.90 | awaiting T+60 | — | — |
Sep 16, 2026 5w ago | Insider Cluster | $28.07 | awaiting T+60 | — | — |
Sep 14, 2026 6w ago | Insider Cluster | $28.03 | awaiting T+60 | — | — |
US Market Status
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