Associated Capital Group, Inc. announced its intention to voluntarily delist its Class A common stock from the NYSE and to deregister under the Exchange Act.
The decision to delist and deregister was based on significant cost savings and reallocating resources for wider business opportunities.
AC plans to provide liquidity to its shareholders by listing its Class A stock on the OTCQX platform.
Voluntary Delisting
AC intends to delist its common stock from the NYSE voluntarily to save costs and focus on broader business prospects.
Financial Resource Reallocation
The decision to delist and deregister aims to redirect financial and management resources towards a wider range of business opportunities.
OTCQX Listing
Following delisting from the NYSE, AC plans to provide liquidity to shareholders by listing its Class A stock on the OTCQX platform.
- The move to delist and deregister indicates a strategic shift by AC to cut costs and enhance flexibility for future business endeavors.
- By delisting from the NYSE and deregistering, AC aims to reduce legal, audit, and reporting costs associated with being a registered public company.
Associated Capital Group's decision to voluntarily delist its common stock and deregister underlines a strategic shift to optimize resources and focus on broader business opportunities.