Associated Capital Group, Inc. (AC) is voluntarily delisting its Class A common stock from the New York Stock Exchange (NYSE) and deregistering under Section 12(b) of the Securities Exchange Act of 1934.
After the delisting, AC plans to provide liquidity to Class A stock shareholders by listing on the OTCQX platform.
The decision to delist and deregister aims to redirect financial and management resources to a wider range of business opportunities.
Delisting and Deregistration
AC will move its trading to the OTCQX platform after delisting from the NYSE, aiming for cost savings and redirecting resources.
Board's Decision
The Board believes that delisting and deregistering will benefit the Company and its shareholders by reducing costs.
Business Focus
AC's primary focus will shift towards providing liquidity and exploring new business opportunities post-deregistration.
- The delisting and deregistration will result in significant cost savings for AC by eliminating the need to file periodic reports with the SEC.
- Redirecting resources from maintaining reporting obligations to exploring new business opportunities is expected to enhance AC's operational flexibility and strategic focus.
The decision to voluntarily delist and deregister reflects AC's strategic realignment towards optimizing resources and exploring new business avenues. The move is expected to drive cost efficiencies and facilitate a more agile business approach in the future.