Twin Hospitality shares fall 13.10% intraday after Nasdaq delisting notice due to Chapter 11 filing.

Twin Hospitality Group Inc. fell 13.10% intraday after Nasdaq notified the company of delisting its Class A common stock (ticker TWNP) due to its Chapter 11 bankruptcy filing. The delisting, effective February 4, 2026, follows the company’s restructuring efforts and will move shares to the OTC Pink Limited Market, signaling heightened financial distress and reduced investor confidence. The bankruptcy filing, announced earlier, aims to restructure operations while continuing to operate its Twin Peaks and Smokey Bones brands. The delisting notice and ongoing insolvency proceedings, which underscore operational and liquidity challenges, directly align with the sharp intraday decline, reflecting market concerns over the company’s viability and liquidity constraints.