Twin Hospitality Group Inc. 8-K

What Happened
Twin Hospitality Group Inc. announced that on January 28, 2026 it received a Delisting Notice from the Nasdaq Listing Qualifications Staff after the company commenced voluntary Chapter 11 proceedings on January 26, 2026. Nasdaq determined the company’s Class A common stock (Nasdaq: TWNP) will be removed from Nasdaq under Listing Rules 5101, 5110(b) and IM-5101-1. Trading of the common stock is scheduled to be suspended at the open of business on February 4, 2026, and a Form 25‑NSE will be filed to effect the removal. The company does not intend to appeal Nasdaq’s determination.

Key Details

• Chapter 11 filing date: January 26, 2026; Delisting Notice date: January 28, 2026.
• Nasdaq suspension date: trading to be suspended at market open on February 4, 2026.
• Company will not appeal; shares are expected to begin trading on the Pink Limited Market (OTC Pink) after delisting.
• Company warns trading during the Chapter 11 Cases is highly speculative and holders could experience a complete or significant loss; trading prices may not reflect any eventual recovery.

Why It Matters
Delisting from Nasdaq moves TWNP shares to a much less liquid market (OTC Pink), which can reduce trading volume, widen bid/ask spreads, and make it harder for investors to buy or sell shares. The Chapter 11 cases create substantial uncertainty about the company’s capital structure and the recovery for equity holders; the company expressly cautioned that shareholders may lose all or most of their investment. Investors should treat trading in TWNP as high risk and monitor public filings in the Chapter 11 cases and SEC disclosures for developments.