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.
The last day of trading in AC's common stock on the NYSE will be on or about September 4, 2025.
AC plans to provide liquidity to its Class A stock shareholders by listing AC Class A on the OTCQX platform after delisting from the NYSE.
Delisting and Deregistration
AC has decided to delist its common stock from the NYSE and deregister under the Securities Exchange Act of 1934 to save costs and redirect resources.
Board's Decision
The Board of Directors believes that delisting and deregistration are in the best interest of the Company and its stockholders due to significant cost savings and reduced legal and audit expenses.
Future Trading
AC has applied for its common stock to be quoted on the OTCQX platform, although the continuation of trading after delisting is not guaranteed.
- Delisting from the NYSE and deregistration under the Exchange Act will result in substantial cost savings for AC.
- The decision to delist and deregister reflects the Company's strategic move to focus resources on a wider range of business opportunities.
The voluntary delisting and deregistration by AC marks a strategic shift to redirect financial and management resources towards new business opportunities and cost savings.