Associated Capital Group, Inc. announced its intention to voluntarily delist its Class A common stock from the NYSE and deregister under Section 12(b) of the Securities Exchange Act of 1934.
Following delisting from the NYSE, the company plans to provide liquidity to its Class A stock shareholders by listing on the OTCQX platform.
AC's common stock delisting from the NYSE is expected to take effect on or about September 4, 2025, following the filing of Form 25 with the SEC.
Voluntary Delisting and Deregistration
AC plans to delist its common stock from the NYSE and deregister under the Exchange Act to redirect financial and management resources.
OTCQX Listing
The company intends to list its Class A stock on the OTCQX platform for trading following the NYSE delisting.
Board Decision
The Board believes that the delisting decision will save costs associated with SEC reporting and legal obligations.
- The decision to delist and deregister stems from the Company's assessment of the burdens versus advantages of operating as a registered public company.
- By ceasing SEC reporting obligations, AC aims to reduce costs and focus on a broader range of business opportunities.
The delisting and SEC deregistration reflect AC's strategic move to streamline operations and focus resources on new business ventures, providing increased flexibility and cost savings for the Company and its stockholders.