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.
The Company plans to provide liquidity to its Class A stock shareholders by listing on the OTCQX platform.
AC expects the common stock deregistration to become effective 90 days after filing Form 15.
Delisting from NYSE
AC will delist its common stock from the NYSE to save costs and redirect management resources.
Deregistration Process
AC plans to deregister from the SEC under the Exchange Act after delisting from the NYSE.
Liquidity Provision
The Company aims to facilitate trading and provide liquidity to stockholders by listing on the OTCQX.
- The decision to delist and deregister reflects cost-saving measures and a strategic redirection of resources at AC.
- The move may reduce the administrative burden and regulatory demands on the Company, allowing for more flexibility in business pursuits.
The voluntary delisting and deregistration by Associated Capital Group, Inc. mark a strategic shift to enhance operational efficiency and redirect resources towards new business opportunities.