Associated Capital Group, Inc. announced its intention to voluntarily delist its Class A common stock from the NYSE and deregister under the Securities Exchange Act of 1934.
The delisting is aimed at providing liquidity to AC's Class A stock shareholders by listing AC Class A on the OTCQX platform.
The Board of Directors believes that the decision to delist and deregister is in the best interest of the Company and its stockholders.
Delisting and Deregistration
AC plans to delist its common stock from the NYSE and suspend reporting obligations, redirecting financial resources to business opportunities.
Cost Savings
The decision is driven by significant cost savings from no longer preparing and filing periodic reports with the SEC.
Business Focus
AC aims to focus on a wider range of business opportunities after delisting and deregistration.
- The decision to delist and deregister will reduce legal, audit, and management costs associated with being a reporting company.
- AC plans to redirect its financial and management resources to drive growth across various business pillars.
The delisting and deregistering mark a strategic shift for AC towards focusing on business growth and providing liquidity to its stockholders.