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.
Following the delisting, AC plans to provide liquidity to its Class A stock shareholders by listing on the OTCQX platform.
The decision to delist and deregister is based on cost-saving measures and redirecting resources to a wider range of business opportunities.
Delisting and Deregistration
AC plans to delist its common stock from the NYSE and deregister under the Exchange Act to save costs and focus on business opportunities.
OTCQX Listing
AC intends to list its Class A common stock on the OTCQX platform to provide liquidity to shareholders.
Board Decision
The Board believes that delisting and deregistration will benefit the Company and its stockholders by reducing costs and management demands.
- Delisting and deregistering will result in significant cost savings for AC by eliminating the need to file periodic reports with the SEC.
- The Company aims to redirect financial and management resources towards exploring a wider range of business prospects after delisting and deregistering.
In conclusion, Associated Capital Group's decision to voluntarily delist from the NYSE and deregister with the SEC reflects a strategic move to optimize resources and focus on business growth opportunities.