Associated Capital Group, Inc. has announced its intention to voluntarily delist its Class A common stock from the NYSE and deregister under the Securities Exchange Act of 1934.
After delisting from NYSE, AC plans to provide liquidity to its Class A stock shareholders by listing on the OTCQX platform.
The Board of Directors believes delisting and deregistration will redirect financial and management resources to a wider range of business opportunities.
NYSE Delisting
AC is voluntarily delisting its common stock from the NYSE to save costs and redirect resources.
OTCQX Listing
AC plans to list its Class A stock on the OTCQX platform to provide liquidity to shareholders.
Board Decision
The Board believes delisting and deregistration are in the best interest of the Company and its stockholders.
- The decision to delist and deregister will result in significant cost savings for Associated Capital Group, Inc.
- Management resources will be redirected to explore new business opportunities after the delisting process.
The announcement marks a strategic shift for Associated Capital Group, Inc. towards optimizing resources and exploring new business avenues.