Associated Capital Group, Inc. 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 the NYSE, AC plans to list its Class A stock on the OTCQX platform.
The Board of Directors believes that delisting and deregistering is in the best interest of the Company and its stockholders.
Voluntary Delisting
AC will delist its common stock from the NYSE and register under Section 12(b) of the Exchange Act.
OTCQX Listing
AC intends to list its Class A stock on the OTCQX platform for liquidity.
Board Decision
The Board decided to delist and deregister to reduce costs and redirect resources.
- The decision aims to save costs related to SEC reporting and compliance obligations.
- AC expects to redirect financial and management resources to new business opportunities.
The voluntary delisting and deregistration signify a strategic move by AC to focus on new business opportunities and reduce operational costs. The Board's decision reflects a carefully considered strategy for the benefit of the Company and its shareholders.