SEC Form 25-NSE filed by System1 Inc.

4/22/25 3:50:04 PM ET

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NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

UNITED STATES

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OMB Number:		3235-0080
Expires:	March 31, 2018
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hours per response:		1.7

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-39331

Issuer:	System1, Inc.
Exchange:	NEW YORK STOCK EXCHANGE LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	41 Madison Avenue
	New York	NEW YORK	10010
Telephone number:

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, NEW YORK STOCK EXCHANGE LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2025-04-22	By	Emily Fuhrman		Senior Analyst, Regulation
Date		Name		Title

¹	Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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Date

Price Target

Rating

Analyst

11/8/2022

$12.00 → $4.00

Buy → Underperform

BofA Securities

7/11/2022

$12.00

Buy

BofA Securities

4/26/2022

$14.00

In-line

Evercore ISI

SEC Form 25-NSE filed by System1 Inc.

4/22/25 3:50:04 PM ET

$SST

Computer Software: Programming Data Processing

Technology

Get the next $SST alert in real time by email

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

UNITED STATES

OMB APPROVAL

OMB Number:		3235-0080
Expires:	March 31, 2018
Estimated average burden
hours per response:		1.7

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-39331

Issuer:	System1, Inc.
Exchange:	NEW YORK STOCK EXCHANGE LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	41 Madison Avenue
	New York	NEW YORK	10010
Telephone number:

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

2025-04-22	By	Emily Fuhrman		Senior Analyst, Regulation
Date		Name		Title

¹	Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Get the next $SST alert in real time by email

Date

Price Target

Rating

Analyst

11/8/2022

$12.00 → $4.00

Buy → Underperform

BofA Securities

7/11/2022

$12.00

Buy

BofA Securities

4/26/2022

$14.00

In-line

Evercore ISI

SEC Form 25-NSE filed by System1 Inc.

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SEC Form 25-NSE filed by System1 Inc.

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System1 Class A Common Stock to Begin Trading on a Split-Adjusted Basis on June 12, 2025

System1 Announces Reverse Stock Split

System1 Announces Strong First Quarter 2025 Financial Results

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Director Civantos John bought $24,694 worth of shares (6,158 units at $4.01), increasing direct ownership by 12% to 55,613 units (SEC Form 4)

Director Civantos John bought $73,295 worth of shares (18,842 units at $3.89), increasing direct ownership by 62% to 49,455 units (SEC Form 4)

Large owner Cee Holdings Trust bought $10,431 worth of shares (8,412 units at $1.24), increasing direct ownership by 0.10% to 8,768,056 units (SEC Form 4)

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Director Civantos John bought $24,694 worth of shares (6,158 units at $4.01), increasing direct ownership by 12% to 55,613 units (SEC Form 4)

Director Civantos John bought $73,295 worth of shares (18,842 units at $3.89), increasing direct ownership by 62% to 49,455 units (SEC Form 4)

SEC Form 4 filed by Chief Financial Officer Kidambi Tridivesh

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SEC Form S-8 filed by System1 Inc.

SEC Form S-3 filed by System1 Inc.

System1 Inc. filed SEC Form 8-K: Material Modification to Rights of Security Holders, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits

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Amendment: SEC Form SC 13D/A filed by System1 Inc.

Amendment: SEC Form SC 13D/A filed by System1 Inc.

SEC Form SC 13D filed by System1 Inc.

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