Associated Capital Group, Inc. announced its intention to voluntarily delist its Class A common stock from the NYSE and to deregister under Section 12(b) of the Securities Exchange Act of 1934.
The last day of trading in AC's common stock on the NYSE will be on or about September 4, 2025, when the Form 25 takes effect.
Following delisting from the NYSE, AC will list its Class A stock shareholders by listing AC Class A on the OTCQX platform.
Voluntary Delisting
AC plans to delist its common stock from the NYSE and deregister under the Exchange Act to redirect its financial resources to wider business opportunities.
OTCQX Listing
AC intends to provide liquidity to its stockholders by listing its common stock on the OTCQX platform and take actions to enable a trading market.
Board's Decision
The Board believes that delisting and deregistering is in the best interest of the Company and its stockholders due to significant cost savings and reduced legal and audit costs.
- The decision to delist and deregister reflects AC's strategic shift towards focusing on wider business opportunities and reducing compliance burdens.
- AC aims to redirect financial and management resources towards its alternative investment management and direct investment businesses.
The voluntary delisting and SEC deregistration decision aligns with AC's strategy to optimize resources and provide liquidity to shareholders, signaling a shift towards new business opportunities and cost savings.