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, AC plans to provide liquidity to its Class A stock shareholders by listing on the OTCQX platform.
The decision to delist and deregister was based on the Company redirecting its financial and management resources to a wider range of business opportunities.
Delisting and Deregistration
AC plans to delist its common stock from the NYSE and deregister under the Exchange Act to redirect resources.
Liquidity to Shareholders
AC aims to provide liquidity to Class A stock shareholders through OTCQX listing.
Decision Rationale
The Board believes delisting and deregistering will bring cost savings and free up resources for other business opportunities.
- The decision to delist and deregister will result in significant cost savings from not filing SEC periodic reports.
- AC's redirected resources may lead to expansion in different business areas and strategic initiatives.
The move by Associated Capital Group, Inc. to delist and deregister is a strategic decision to focus on new business opportunities and cost savings. It aims to provide liquidity to shareholders through the OTCQX platform. The Board is confident in the benefits of this action for the Company and its stakeholders.