Associated Capital Group, Inc. announced its intention to voluntarily delist its Class A common stock from the NYSE and deregister under Section 12(b) of the Securities Exchange Act of 1934.
AC plans to provide liquidity to Class A stock shareholders by listing on the OTCQX platform following NYSE delisting.
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 to redirect financial resources.
Market Listing
AC intends to list its common stock on the OTCQX platform after delisting from the NYSE.
Impact on Reporting
Delisting and deregistering will result in cost savings and reduced reporting obligations for the Company.
- The decision to delist and deregister was based on cost savings, reduced legal and audit costs, and managing compliance demands effectively.
- The Board expects to redirect financial resources to explore a wider range of business opportunities after delisting and deregistering.
AC's voluntary delisting and deregistration signify a strategic move to unlock value for the Company and its shareholders, redirecting resources for growth.