Associated Capital Group, Inc. (NYSE: AC) announced its intention to voluntarily delist its Class A common stock from the NYSE and deregister under the Securities Exchange Act of 1934.
AC plans to list its Class A stock on the OTCQX platform following the delisting from the NYSE.
The Board of Directors believes the decision to delist and deregister is in the best interest of the Company and its stockholders.
Voluntary Delisting
AC plans to delist its common stock from the NYSE and deregister under the Exchange Act, redirecting resources to wider business opportunities.
OTCQX Listing
AC intends to list its Class A stock on the OTCQX platform to provide liquidity to shareholders.
Board's Decision
The Board of Directors determined that the benefits of delisting outweigh the burdens of remaining a public company.
- The delisting and deregistration will lead to significant cost savings by eliminating reporting obligations.
- AC aims to focus its financial and management resources on a broader range of business prospects after delisting.
The decision to delist and deregister reflects AC's strategic focus on enhancing business opportunities and reducing operational costs. AC is committed to providing liquidity to its shareholders through the OTCQX platform.