Associated Capital Group, Inc. announced its decision to voluntarily delist its Class A common stock from the NYSE and deregister under the Securities Exchange Act of 1934.
The delisting is expected to provide liquidity to AC's Class A stock shareholders by listing AC Class A on the OTCQX platform.
The Company plans to file a Form 25 with the SEC on or about August 25, 2025.
Reason for Delisting
The decision is to redirect financial and management resources to a wider range of business opportunities.
Impact on Reporting Obligations
The delisting will suspend or terminate filing obligations under the Exchange Act, including reports on Forms 8-K, 10-Q, and 10-K.
Market Trading
While AC has applied for its stock to be quoted on the OTCQX platform, there is no guarantee of continued trading or market-making by brokers.
- The Board of Directors believes that the delisting and deregistration decision is in the best interest of the Company and its shareholders.
- The Company aims to reduce costs associated with reporting, legal, and audit requirements by no longer filing periodic reports with the SEC.
- Delisting and deregistration will allow the Company to focus on alternative investment management and direct investment opportunities.
The delisting and deregistration mark a strategic shift for Associated Capital Group, reallocating resources for future growth and operational flexibility.