Associated Capital Group, Inc. announced the voluntary delisting of its Class A common stock from the NYSE and deregistration under the Exchange Act.
The last day of trading on the NYSE is expected to be on or about September 4, 2025.
After delisting, AC plans to provide liquidity to its Class A stock shareholders by listing on the OTCQX platform.
Voluntary Delisting and Deregistration
AC intends to delist its common stock from the NYSE and deregister under Section 12(b) of the Exchange Act to provide liquidity to its stockholders.
OTCQX Listing
After delisting, AC plans to have its Class A stock quoted on the OTCQX platform, subject to broker market availability.
Board Decision
The Board of Directors believes that delisting and deregistering is in the best interest of the Company and its stockholders, citing cost savings and management resource redirection.
- The decision to delist and deregister will lead to significant cost savings for AC by eliminating the need to prepare and file periodic reports with the SEC.
- The Board's strategic move aims to reduce legal, audit, and other costs associated with being a reporting company, as well as minimize the demands of compliance with regulatory standards.
The strategic decision to delist and deregister reflects AC's commitment to redirect financial and management resources towards broader business opportunities.