Twin Hospitality shares fall 29.43% intraday after filing Chapter 11 bankruptcy and receiving Nasdaq delisting notice.

Twin Hospitality Group Inc. (TWNP) plummeted 29.43% intraday following its Chapter 11 bankruptcy filing and subsequent Nasdaq delisting notice. The company announced restructuring efforts amid financial distress, triggering immediate market skepticism. Nasdaq’s delisting decision, announced January 28, 2026, further eroded investor confidence, with shares expected to trade on the OTC Pink Limited Market post-delisting on February 4. The bankruptcy filing, aimed at reorganizing operations while maintaining Twin Peaks and Smokey Bones brands, failed to offset concerns over liquidity and operational viability. Despite a pre-market surge of 141.28% driven by restructuring optimism, intraday selling intensified as delisting implications and bankruptcy risks overshadowed short-term gains, leading to a sharp reversal. The stock’s collapse reflects market alignment with the bearish signals of insolvency proceedings and regulatory delisting, which directly correlate with the intraday selloff.