ReNew Energy Global warrants delisted by Nasdaq ahead of expiry

What happened

On August 21, 2026, Nasdaq filed a Form 25 with the SEC to remove from listing and registration the warrants of ReNew Energy Global plc (ticker: RNW), a renewable energy company based in India. The filing states the warrants expire on August 22, 2026, the day after the filing date.

The form was filed by Nasdaq, not by the company, and cites a rule that allows an exchange to delist securities that have reached the end of their term. The filing does not indicate any action by ReNew or any misconduct.

ReNew's common stock remains listed on Nasdaq. The company's shares closed at $6.81 on the filing date, down 0.15% from the prior close of $6.82.

What this means

A Form 25 is the notification an exchange files when it removes a security from listing and registration under Section 12(b) of the Securities Exchange Act of 1934. Here, Nasdaq used Rule 12d2-2(a)(1), which applies when a security has reached its maturity or expiration date and is being retired.

Warrants are financial instruments that give the holder the right to buy a company's stock at a set price before a certain date. They are similar to options but are issued by the company itself. In this case, the warrants were set to expire on August 22, 2026, meaning their trading life was ending.

The delisting is a routine consequence of the warrants' expiration, not a sign of trouble for ReNew. The company's common stock is unaffected and continues to trade under the RNW ticker.

Investors holding these warrants would need to exercise them before the expiration date or let them lapse. After expiration, the warrants no longer have value, and the delisting formalizes that they are no longer traded.